Circle Brings Native USDC and CCTP to OKX X Layer, Expanding Cross-Chain Payments

Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
Circle Brings Native USDC and CCTP to OKX X Layer, Expanding Cross-Chain Payments
Cover illustration/art via BTCRead. Image combines content, which may include AI-generated ideas.

Circle has added native USDC and the Cross-Chain Transfer Protocol (CCTP) to X Layer, the Ethereum Layer 2 network developed by OKX. The addition gives developers, payment providers, financial technology companies, decentralized finance platforms, and AI applications direct access to native USDC instead of using wrapped versions of the stablecoin.

Native USDC on X Layer gives users access to on-chain financial services through a single network. Lending and borrowing platforms can use USDC as collateral, while traders can settle spot and perpetual futures transactions directly on-chain. Circle issues the stablecoin directly, allowing applications to use native USDC instead of bridged assets. 

Native USDC services became available immediately after the launch. OKX Exchange and OKX DEX Bridge added support for native USDC on the first day, allowing users on X Layer to use stablecoin transfers and related services without waiting for a later rollout. 

CCTP Expands Native USDC Cross-Chain Transfers

Circle also introduced CCTP on X Layer, allowing users to transfer native USDC between supported blockchains through a burn-and-mint mechanism. This approach removes the need for traditional token bridges when transferring USDC across connected blockchain networks. 

Users can now access CCTP for token swaps, payments, purchases, treasury management, and other transfers involving native USDC. The protocol transfers native USDC across supported blockchains without relying on bridged tokens. This gives applications direct access to native liquidity across supported networks. 

Following the integration with X Layer, native USDC is now available on 36 blockchain networks. CCTP also supports cross-chain USDC transfers across 26 blockchains, expanding its reach to more blockchain ecosystems.

Native USDC Adds Enterprise Payment Features

Native USDC powers payment services on X Layer. Businesses, fintech companies, decentralized applications, and AI agents can process automated USDC payments and settlements across supported services on the network.

The update also connects with X Layer’s x402 ecosystem, allowing developers to build AI agents that can make automated USDC payments for digital services, application programming interfaces, and machine-to-machine transactions without manual intervention. 

The service allows qualified businesses to issue and redeem native USDC using Circle Mint on X Layer. It gives enterprises direct access to regulated stablecoin settlement for treasury operations and business payments using Circle’s infrastructure across supported blockchain services.

Circle Expands USDC Infrastructure Across Blockchains

The latest rollout adds another blockchain network to Circle’s stablecoin infrastructure as native USDC and CCTP continue expanding across supported ecosystems. This broader network support gives developers access to USDC liquidity across multiple blockchain environments, making it easier to build cross-chain applications.

Circle’s blockchain infrastructure efforts extend beyond X Layer. In a recent announcement, the company revealed the first group of validators for the Arc blockchain, featuring Visa, BlackRock, Standard Chartered, Galaxy, DTCC, and Mastercard, along with several other financial and technology firms.

Share This Article
Ahsan Nusrat is an experienced crypto writer with over 3 years of experience covering blockchain, crypto market trends, and Web3 developments. He focuses on breaking down complex topics into clear, engaging content for both new and experienced readers. Beyond BTCRead, Ahsan has also written for NewsBTC and contributed to various crypto PR projects.
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *