USDC Lands on XRPL as Circle Expands Stablecoin Reach

Circle has officially launched its stablecoin, USD Coin (USDC), on the XRP Ledger (XRPL) mainnet. Users and developers can use USDC directly on the decentralized blockchain network without extra tools or bridges. With this launch, Circle is taking advantage of XRPL’s fast transaction speeds and strong security. This follows Circle’s recent move to bring USDC to the Worldcoin platform , a crypto project led by OpenAI CEO Sam Altman. Circle Widens USDC’s Reach for Developers USDC is currently the world’s second-largest stablecoin, with a market value of over $61 billion. It trails Tether’s USDT, which has a market value of more than $155 billion. XRPL is now the 22nd blockchain to support USDC directly. This highlights Circle’s ongoing effort to expand the coin across multiple blockchains. This integration will make it easier for developers to build stablecoin apps and services. It also removes the need for complex cross-chain solutions and offers direct access to a stable, dollar-backed digital currency. This launch also follows a major milestone for Circle: The company recently went public on the New York Stock Exchange under the symbol CRCL. Since then, its stock price has skyrocketed, giving the company a market valuation of $27 billion, based on Yahoo Finance data. XRPL Sees More Major Development Circle is not the only company making moves on the open-source network. Other projects also join XRPL, adding more value and use cases to the network. In January, Ondo Finance launched its tokenized money market fund , OUSG, on XRPL. This makes it easier for users to subscribe and redeem using Ripple’s RLUSD stablecoin. Guggenheim Treasury Services has also announced its Digital Commercial Paper (DCP) platform, backed by U.S. Treasury bonds, on XRPL. Ripple supports these developments with a $10 million investment, showing its support for boosting blockchain-based finance. At the Apex 2025 event in Singapore, Ripple CTO David Schwartz shared that an Ethereum Virtual Machine (EVM) sidechain is coming to XRPL in Q2 2025. This sidechain will let developers run Ethereum smart contracts while benefiting from XRPL’s speed and low costs. Currently in testnet, the EVM sidechain is being built with evmOS by Ripple and Peersyst. It will link to XRPL through the Axelar bridge, using wrapped XRP as the gas token. These new developments are expected to boost activity on XRPL, especially after a recent report showed a sharp slowdown on the platform. XRPL: A Growing Hub for Digital Finance Since its launch in 2012, the XRP Ledger has become a key player in the blockchain world. It has processed over 3.3 billion transactions and is supported by a global community. This includes the XRPL Foundation, XRPL Labs, XRPL Commons, and Ripple. Adding USDC and other recent developments shows that XRPL continues to evolve. It is quickly becoming a strong platform for building the future of digital finance. The post USDC Lands on XRPL as Circle Expands Stablecoin Reach appeared first on TheCoinrise.com .

Source: The Coin Rise