Circle’s USDC Goes Live On XRP Ledger (XRPL)

The XRP Ledger (XRPL) is becoming home to more stablecoins, alongside the native RLUSD. USDC issuer Circle has announced the expansion of its stablecoin USDC to the network, just a day after it launched on the World network.

USDC Launches On The XRP Ledger

In a blog post, Circle announced that its USDC stablecoin is now live on the XRPL mainnet, making it accessible to developers, institutions, and users without the need for a bridge. The stablecoin issuer added that the Circle Mint and Circle APIs now fully support USDC on the network. This makes it easier to access USDC liquidity and benefit from the network’s speed and security.

With the latest expansion to the XRP Ledger, the USDC stablecoin is now available natively on 22 blockchains. As CoinGape reported, Circle just integrated the stablecoin into World Chain along the Cross-Chain Transfer Protocol V2 (CCTP V2).

The launch of USDC on the XRPL provides several use cases, including B2B payments, DeFi liquidity provisioning, and a settlement option for decentralized applications on the network.

The Ripple Developer X account also commented on the launch of the USDC stablecoin on XRPL. They noted that the future is interoperable as Ripple and Circle partner to bring the full reserved, 1:1 backed stablecoin to the network, a move that accelerates DeFi and institutional adoption.

The XRP Ledger also offers support for stablecoins like Ripple’s RLUSD, Braza Group’s USDB, and BBRL stablecoins. European firm Schuman Financial’s EURØP stablecoin is also available on the network.

Stablecoins just received a major boost with the stablecoin bill advancing in the US Senate. As CoinGape reported, the GENIUS Act advanced after the senators invoked cloture with 68 to 30 in favor of the bill.

Meanwhile, in an X post, XRPL validator Vet revealed that Circle has officially started to issue USDC on the XRP Ledger natively. He stated that the multi-sig issuer Account is set up with all compliance flags the network provides for institutions, such as the stablecoin issuer. Vet added that there are currently $2 million USDC on the network.