Cardano Lands Circle’s USDCX As Tier-One Stablecoin: Hoskinson
Charles Hoskinson has announced that Circle's stablecoin, USDCX, is coming to Cardano following a signed deal between Circle and the Cardano-aligned group, the Pentad. Described as a "tier-one" stablecoin solution, USDCX will operate on non-EVM chains like Cardano through a one-to-one reserve model, mirroring USDC's liquidity. Hoskinson emphasized that integration is imminent, not aspirational, and will provide seamless access to Circle's distribution network and deep liquidity. He also highlighted privacy benefits and praised Circle as a professional partner. The move aims to meet long-standing community demand for a major stablecoin, with Hoskinson noting that existing Circle integrations on other chains should expedite deployment. He acknowledged market skepticism but reaffirmed focus on Cardano's development and partnerships. ADA was trading at $0.3258 at the time of the announcement.
bitcoinist01/31 04:02
