Circle launches stablecoin USDC on XRPL, expecting use cases such as institutional trading and international remittances.

2025-06-12 22:16:43

## Expansion of support for XRPL

On the 12th, Circle, which was listed on the New York Stock Exchange this month, announced that its stablecoin “USDC” can now be issued and used on the blockchain of the cryptocurrency XRP, known as “XRP Ledger (XRPL).”

USDC is ranked second in market capitalization among stablecoins, and it now supports 22 different blockchains. It will support various use cases on the XRPL going forward.

Organizations, developers, and users can use USDC on XRPL without a bridge. Circle stated that “as the XRPL ecosystem has gained easy access to USDC liquidity, USDC users can easily benefit from the speed and security of XRPL.”

He explained that with Circle’s technology and tools now compatible with XRPL, USDC will be used in the following use cases:

Payment and international remittance
Transactions by institutions, etc. DeFi (Decentralized Finance) and financial services
Exchange with fiat currency

On the 11th, the circle announced that USDC is now supported on OpenAI CEO Sam Altman’s cryptocurrency project “World”'s blockchain.

Shopify introduces USDC

On the 12th, the e-commerce platform Shopify announced that it has partnered with the cryptocurrency exchange Coinbase and the online payment giant Stripe to introduce USDC for payments.

Using the L2 blockchain “Base” supported by Coinbase, early access opportunities have begun to be offered, allowing retailers to receive payments in USDC from customers around the world. In its announcement, Shopify stated that stablecoins have seen an increase in trading volume over the past few years and are trusted by users worldwide.

What is L2?

Abbreviated as “Layer 2,” it refers to a secondary network. Processing all transactions on the main chain can lead to increased load, resulting in reduced processing speed and rising network fees. By conducting some transactions on L2, it is possible to reduce the load on the main chain and improve processing speed.

In addition, it is pointed out that stablecoins are designed to maintain value stability unlike cryptocurrencies such as Bitcoin, that processing and transaction fees are low, that user experience can be expected to improve, and that retailers can more easily reach global markets.

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