Circle has launched native USDC and its Cross-Chain Transfer Protocol (CCTP) on X Layer, OKX’s Ethereum layer-2 network, giving users and developers access to Circle-issued USDC without relying on bridged tokens.
CCTP enables USDC to move between supported blockchains without wrapped assets or conventional liquidity pools.
CCTP enables USDC transfers between X Layer and supported blockchains by burning USDC on the source chain and minting an equivalent amount on the destination chain. The integration brings native USDC to 36 blockchains while CCTP is now available across 26 networks.
The move strengthens USDC’s role as infrastructure for cross-chain payments, DeFi, trading and automated transactions involving AI agents.
This latest development also comes after OKX Europe introduced a feature allowing users to convert Tether’s USDT into Circle’s USDC as the exchange continues adapting to the European Union’s Markets in Crypto-Assets (MiCA) regulations.
USDC is among the stablecoins that comply with MiCA’s requirements and has become one of the primary alternatives available to European users.
REGULATIONS | OKX Prompting Users to Convert USDT to USDC Amid MiCA Requirements
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