Crypto exchange BTSE enabled USDC deposits and withdrawals on the XDC network on December seventeenth. The launch will allow users to transfer the dollar-pegged stablecoin over the XDC network infrastructure, adding a brand new settlement option alongside existing USDC-backed blockchains.
The USDC supply on
Source: X
USDC supply on XDC exceeds $100 million
The BTSE listing follows a gentle increase in USDC usage on the XDC network. Data shared by Token Terminal on December 13 shows that the outstanding USDC supply on XDC has exceeded $100 million.
Source: X
The growth in circulating USDC suggests that stablecoin activity on XDC was already increasing prior to the BTSE integration, with exchange support now providing additional liquidity access points.
The expansion of USDC settlement options also comes after XDC Ventures in October acquired Contour Network, a digital trade finance platform previously backed by banks equivalent to HSBC and Standard Chartered.
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This acquisition included plans to develop a stablecoin lab focused on regulated settlement and cross-border trading operations. The addition of exchange-level USDC transfers provides a functional layer consistent with these previous trade finance and settlement initiatives.
Beyond BTSE, Bybit has also enabled USDC support on the XDC network. In a separate update, investment platform Mudrex confirmed that it now supports XDC network transfers, allowing users to maneuver USDC across XDC rails.
With BTSE, Bybit and Mudrex now supporting USDC transfers over the XDC network, the blockchain has gained multiple exchange and platform entry points for stablecoin settlement.
Stablecoin growth coincides with increasing RWA activity
The increase in stablecoin settlement activity on XDC coincides with increasing issuance of real-world assets (RWA) on the network. According to data from RWA Monitor, XDC is the second largest blockchain for issuance of RWA in Brazil. About US$140 million (R$700 million) of tokenized assets are already issued on-chain.
Source: X
The issuance activity is expounded to projects developed with Vert Capital and Liqi Digital Assets. The focus of those projects is on regulated private loans and tokenized financial instruments.
Unlike token listings that introduce recent trading pairs, the recent USDC integrations on XDC are focused on the stablecoin movement. This includes deposits, withdrawals and cross-platform transfers.
USDC is widely used for payments, treasury operations, and cross-border settlements. Exchange-level support on XDC allows these activities to be carried out over a network designed for fast confirmation times and low transaction costs.
