According to @ItsDave_ADA, USDCx, a Cardano-native stablecoin fully backed 1:1 by USDC in Circle’s xReserve smart contract, has officially launched on Cardano. This integration facilitates seamless crosschain liquidity and offers users access to DeFi applications, payments, and asset settlements. For the first 10 days, Input Output Global (IOG) will subsidize bridge fees for USDCx transfers to Cardano. This milestone was achieved through Cardano’s Critical Integrations program, with contributions from Pentad and Midgard Labs to ensure infrastructure security.
The Cardano-native asset, fully backed 1:1 by USDC in Circle’s xReserve smart contract, aims to streamline cross-chain liquidity and enhance DeFi applications. For the initial 10 days following the launch, Input Output Group is subsidizing bridge fees for USDCx transfers to Cardano, making it more accessible for traders and users to engage with this new stablecoin. This move eliminates the need for third-party bridges, ensuring a secure and straightforward process for moving dollar value across supported blockchains. According to the announcement from Input Output Group, this integration was funded through the Cardano ecosystem’s Critical Integrations program, highlighting community-driven development and collaborations with entities like Pentad and Midgard Labs for building and securing the infrastructure.
From a trading perspective, the introduction of USDCx could catalyze positive momentum for Cardano’s native token, ADA. Stablecoins like USDCx often serve as gateways for institutional inflows, providing stability amid volatile crypto markets. Traders might consider long positions in ADA if on-chain metrics, such as total value locked in Cardano DeFi, show upward trends post-launch, while watching for resistance levels around previous highs to gauge breakout potential. Market sentiment around this launch appears bullish, as it positions Cardano as a competitive player in the stablecoin arena, potentially attracting users from ecosystems like Ethereum or Solana.














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