Cardano Launches USDCx Stablecoin Backed by Circle’s USDC, ADA 3% Down

The post Cardano Launches USDCx Stablecoin Backed by Circle’s USDC, ADA 3% Down appeared first on Coinpedia Fintech News Cardano has launched its native USDCx stablecoin, backed 1:1 by Circle’s USDC stablecoin via Circle’s xReserve smart contract.  According to the Input Output Group (IOG), the research and engineering organization behind Cardano, USDCx will “make moving and using dollar value across supported blockchains seamless, providing streamlined access to cross-chain USDC liquidity.” This will effectively support …