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<div class="cryptonews">
 <p class="is-style-lead">As part of the strategic agreement with Circle Ventures, XION will use USDC as its <a rel="noopener noreferrer nofollow" title="primary" href="https://thebittimes.com/tag/primary.html">primary</a> transactional <a rel="noopener noreferrer nofollow" title="currency" href="https://thebittimes.com/tag/currency.html">currency</a>.</p>
 <p>Burnt, a web3 developer of the XION <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>, announced in a press release on Oct. 5 the launch of its public testnet for XION, a layer-1 network focused on “tangible use cases.”</p>
 <p>Besides the testnet launch, Burnt also revealed it has signed a prior strategic investment agreement with Circle Ventures, the venture arm of Circle.</p>
 <p>As part of the deal, XION will be using USDC as its primary currency, displaying all prices on the blockchain in the stablecoin.</p>
 <blockquote class="wp-block-quote">
  <p>“With the beta launch of XION, developers can build purpose-built applications that leverage USDC for widespread adoption.”</p>
  <p>Wyatt Lonergan, Principal at Circle Ventures</p>
 </blockquote>
 <p>Burnt says its <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> has already onboarded over 200,000 active on-chain wallets and processed more than 1 million on-chain transactions. The network is said to be supported by over 70 partners, including Checkout.com, Exodvs, Osmosis and others.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Circle announces USDC stablecoin is now available on Polkadot Asset Hub
 </div>
 <p>For Circle, this is the fourth expansion of USDC since September 2023.</p>
 <p>As crypto.news previously reported, the Boston-based stablecoin issuer also rolled out USDC on Base, a Coinbase-incubated decentralized network, and OP Mainnet, the layer-2 blockchain built by Ethereum (ETH) scaling protocol Optimism.</p>
 <p>In mid-September, USDC has also become available on the Polkadot network.</p>
 <p>However, USDC is not the only stablecoin Circle is trying to broaden its presence as much as it can.</p>
 <p>In late September, Circle and Stellar joined forces to integrate the euro-anchored stablecoin called EURC into Stellar’s <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> infrastructure.</p>
 <p>Besides Stellar, the EURC stablecoin already operates on Avalanche (AVAX) and Ethereum (ETH) networks.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Circle partners with Mercado Pago to bring USDC to Chile
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-s-usdc-to-become-primary-currency-on-xion-blockchain-tbt65332.html">https://thebittimes.com/circle-s-usdc-to-become-primary-currency-on-xion-blockchain-tbt65332.html</a></p>

Circle’s USDC to become primary currency on XION blockchain

TheBitTimes

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