It seems that all Cardano supporters may finally get their first major stablecoin on their favorite blockchain soon, as, on Friday, Feb. 27, a multimillion mint, currently totaling 14 million USDCx, was reported by Cexplorer. Given that the stated launch deadline was February and just over one day remains until the end of the month, it can be expected that within the next 36 hours we may see official confirmation of the full USDCx integration on Cardano.
The discussion concerns the integration of USDC by Circle with Cardano, an agreement on which was signed and announced by Charles Hoskinson at the end of January 2026. The token carries the ticker USDCx
Why USDCx on Cardano is not a simple USDC stablecoin
Unlike other USDC deployments on blockchains such as Solana or Ethereum, USDC on Cardano will not be native. Hence, the “X” suffix, as the stablecoin here represents a version backed one-to-one by the original USDC through Circle’s Xreserve infrastructure.
HOT Stories
Wikipedia Co-Founder: No One Is Using Bitcoin as Money
XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May ‘Flip’ Bitcoin in Five Years Amid Quantum Threat, Cardano’s USDC Eyes Two-Day Deadline: Morning Crypto Report
This solution is specifically designed for blockchains that do not use the Ethereum Virtual Machine, such as Cardano.
One of the key features of USDCx on Cardano is its focus on transaction privacy through the use of Zero Knowledge Proof technology, which also distinguishes it from standard versions on other networks. Otherwise, USDCx is expected to function like a regular Circle stablecoin
It is important to note that direct redemption into fiat dollars via a Circle bank account is available only to institutional clients. Retail users are expected to exchange it on centralized exchanges or via DEXes, where it will be instantly converted into standard USDC when exiting the network.
Before USDCX, Cardano users relied on USDTM; bridge tokens such as those issued via WanChain that provided wrapped versions of USDC and USDT; and DJED, an algorithmic overcollateralized stablecoin
However, these solutions do not compare to a Circle-issued stablecoin which, in addition to its capitalization — effectively liquidity in the case of a stablecoin — of $75 billion, significantly expands access for Cardano developers and users of the broader global crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Evolves From Bridge Asset to DeFi Collateral, Says Evernorth CEO
Evernorth CEO Asheesh Birla is shifting XRP's role from a settlement tool to a productive asset in decentralized finance, focusing on capital efficiency. The company aims to activate dormant capital through initiatives like native XRP lending, positioning XRP as a key player in credit markets.
CryptoFrontier1h ago
Sui Launches USDsui Stablecoin Across DeFi Ecosystem
Sui has launched USDsui, a stablecoin integrated into its DeFi ecosystem for trading, lending, and application development, enhancing liquidity and supporting developers in building efficient financial tools.
GateNews7h ago
Mitsui Deploys Zipangcoin Tokenized Gold on Optimism Mainnet
Mitsui & Co. Digital Commodities has launched Zipangcoin (ZPG), representing precious metals, on Optimism's OP Mainnet, enhancing trading efficiency and accessibility for investors. This move supports the adoption of tokenized real-world assets in the digital investment landscape.
GateNews8h ago
Justin Sun Unveils Tron Post-Quantum Plan as Crypto Security Debate Grows
Justin Sun said Tron will pursue a post-quantum upgrade, aiming to bring NIST-backed cryptography to its mainnet.
Key Takeaways:
Justin Sun said Tron will launch a PQC upgrade.
NIST standards may strain Tron throughput due to 10x larger signatures.
TRX traded near $0.33 as roadmap details
Coinpedia8h ago
Ramp Network Launches Multichain Self-Custodial Wallet With Integrated Fiat On/Off-Ramps
Ramp Network has launched a multichain self-custodial wallet that simplifies buying, selling, trading, and cashing out crypto assets in one app, supporting multiple blockchains and allowing users to maintain control of their assets without relying on third parties.
GateNews9h ago
Intchains Group Discloses 8,040 ETH Staked, Accelerates AI-Powered Operations Transformation
Intchains Group reported a cumulative staking of 8,040 ETH, with a strategy that includes the FalconX platform and its own Goldshell Stake. The company is also enhancing operations through AI automation to boost efficiency and decision-making.
GateNews10h ago
