Cardano Users Eye Major Stablecoin Integration

Cardano users are eagerly awaiting the integration of a major stablecoin onto their favorite blockchain. With the looming deadline of the end of February, it seems likely that this integration will become a reality in the next few days.

The multimillion mint of USDCx tokens, currently totaling $14 million, suggests that the integration is progressing as planned. This development has significant implications for Cardano users and developers, who have been reliant on bridge tokens such as those issued via WanChain.

Unlike other deployments of USDC on blockchains like Solana or Ethereum, USDCx on Cardano will not be native. Instead, it will be a version backed one-to-one by the original $USDC through Circle's Xreserve infrastructure.