Circle Native USDC Lands on OKX X Layer Network

TechFlow News, August 8, according to Cointelegraph, Circle has launched native USDC stablecoin and cross-chain transfer protocol CCTP on OKX's Ethereum Layer 2 network X Layer. This integration supports USDC cross-chain transfers between X Layer and other compatible blockchains via a burn-mint mechanism, applicable to scenarios such as payments, DeFi lending, and trading.

X Layer is compatible with the Ethereum Virtual Machine, enabling developers to migrate Ethereum applications at low cost. OKX's spot trading volume exceeded $975 million in the past 24 hours, ranking it as the fourth largest cryptocurrency exchange globally. This collaboration brings USDC into the centralized exchange's ecosystem.