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<p>XDC Ventures (<a href="https://x.com/XDCVentures" rel="noopener noreferrer nofollow">@XDCVentures</a>), the venture capital arm of XDC Network (<a href="https://x.com/XDCNetwork" rel="noopener noreferrer nofollow">@XDCNetwork</a>), has made a strategic investment in Scallop (<a href="https://x.com/Scallopcom" rel="noopener noreferrer nofollow">@Scallopcom</a>) to expand blockchain-powered financial services. Native <a href="https://x.com/search?q=%24XDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XDC</a> and <a href="https://x.com/search?q=%24USDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDC</a> on XDC Network can now be used across Scallop's payment infrastructure.</p>
<p>Under the deal, native XDC and USDC on XDC Network will power Scallop prepaid cards, Apple Pay spending, fiat and stablecoin on- and off-ramps, multi-currency accounts and currency swaps, alongside cross-border payouts to more than 70 markets. <cite>Payments are also supported through selected local QR payment networks.</cite></p>
<h2 id="what-the-investment-covers">What the Investment Covers</h2>
<p><cite>XDC Ventures (XVC Tech) is described as the US$125 million venture capital arm of XDC Network.</cite><cite>ScallopX is a global fintech platform that connects traditional financial services with digital assets.</cite> The financial terms of the investment were not disclosed in the sources reviewed.</p>
<p>According to Finance Magnates, <cite>the two sides plan to explore white-label payment super apps for banks, fintechs and developers, combining fiat accounts, cards, stablecoin wallets, ISO 20022 messaging and agentic AI payments.</cite> These are plans to explore, not launched products.</p>
<p>Ritesh Kakkad, Co-Founder of XDC Network, said <cite>blockchain's next wave of adoption will come from people paying for groceries, businesses settling invoices and, increasingly, AI agents transacting on their behalf.</cite></p>
<h2 id="part-of-a-wider-push-into-regulated-finance">Part of a Wider Push Into Regulated Finance</h2>
<p><cite>The deal follows XDC Ventures' acquisition of Contour Network last year, a trade finance platform originally backed by major international banks.</cite><cite>Where Contour anchors XDC Network in institutional trade, ScallopX extends it to consumer and business payments, with compliance, KYC/AML standards and trusted payment infrastructure at the core of both.</cite></p>
<p>On the regulatory side, <cite>ScallopX has publicly announced Money Services Business registrations in the United States and Canada, alongside previously reported European virtual asset permissions.</cite></p>
<p>XDC Network has previously positioned itself around ISO 20022, the global financial messaging standard. A 2025 release on the launch of XDC.Cash stated that <cite>XDC Network is ISO 20022-compliant, aligning with the global messaging standard.</cite> The latest announcement says only that Scallop and XDC will explore ISO 20022-compatible messaging together.</p>
<p>The move adds to a growing use of stablecoins in card payments. Cryptorank data reported by GN Crypto showed that <cite>cumulative stablecoin card top-ups reached $13.8 billion by August 2026, up by nearly $10 billion over the prior 12 months.</cite></p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.financemagnates.com/thought-leadership/xdc-ventures-backs-scallopx-to-take-xdc-and-usdc-from-wallet-to-checkout/" rel="noopener noreferrer nofollow">Finance Magnates: XDC Ventures Backs ScallopX to Take XDC and USDC From Wallet to Checkout</a></p>
<p><a href="https://coinspectator.com/mainstream/2026/11/02/xdc-ventures-backs-scallopx-to-take-xdc-and-usdc-from-wallet-to-checkout/" rel="noopener noreferrer nofollow">CoinSpectator: XDC Ventures Backs ScallopX Announcement</a></p>
<p><a href="https://www.gncrypto.news/news/usdc-leads-crypto-card-top-ups-stablecoins-13-8b/" rel="noopener noreferrer nofollow">GN Crypto: USDC Leads Crypto Card Top-Ups as Stablecoins Hit $13.8B</a></p>
<p><a href="https://bsc.news/latest-news?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">See more news on bsc.news</a></p>

XDC Ventures Makes Strategic Investment in ScallopX to Expand XDC Network Payments

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