Cardano Launches USDCx Stablecoin with Circle's xReserve Infrastructure

Cardano's push towards real-world financial utility has taken a significant step forward with the launch of USDCx. This Cardano-native stablecoin is backed 1:1 by USDC held in Circle's xReserve smart contract, providing users with a reliable dollar-denominated asset on the blockchain.

The integration was made possible through the Critical Integrations program, funded by the community. IOG will subsidize bridge fees for the first 10 days to reduce onboarding costs for new users.