Stacks officially launches USDCx, introducing native institutional-grade US dollar liquidity to Bitcoin L2

GateNews
STX-0,75%
BTC-1,67%
USDC0,01%

ChainCatcher Message, Stacks announces the official launch of USDCx. This is a stablecoin based on Circle’s new xReserve infrastructure, supported by USDC. The launch of USDCx establishes a native dollar channel with institutional-level liquidity for the Bitcoin Layer 2 ecosystem, enabling funds to settle directly on the Bitcoin network. On the technical backend, USDCx is issued through Circle xReserve’s non-custodial smart contracts, providing cryptographic proof to ensure token transparency. Additionally, the asset utilizes Circle’s cross-chain transfer protocol (CCTP) to achieve “burn and mint” cross-chain transfers across more than 15 supported blockchains, thereby avoiding third-party bridge security risks and addressing liquidity fragmentation issues. Currently, several leading protocols within the Stacks ecosystem have begun integrating USDCx. Zest Protocol has incorporated it into its institutional-grade Bitcoin lending pool, Granite supports users borrowing USDCx with BTC as collateral, and Bitflow has launched related deep liquidity pools and trading pairs. Furthermore, mainstream Stacks wallets such as Xverse and Leather have achieved first-day support. To optimize liquidity, the official encourages users who originally held aeUSDC (the old bridged USDC) to migrate to USDCx via the Stacks official bridge.

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

Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 15

Gate News message, according to the April 15 update, Bitcoin ETFs recorded a single-day net inflow of 4,566 BTC (approximately $337.41 million) and a 7-day net inflow of 6,753 BTC (approximately $499.04 million). Ethereum ETFs saw a single-day net inflow of 23,405 ETH (approximately $54.37 million)

GateNews14m ago

BTC 15-minute drop of 0.70%: Increased ETF fund outflows and a coordinated sell-pressure trigger from derivatives position adjustments

From 2026-04-15 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 73,846.3 to 74,415.9 USDT. Within 15 minutes, the return recorded -0.70%, with an amplitude of 0.77%. During this period, market volatility intensified, trading volume and on-chain transfers heated up significantly, and market participants’ risk sensitivity increased. The main driving force behind this unusual move was a sharp increase in ETF fund outflows. Data shows that on 2026-04-13, U.S. spot Bitcoin ETFs recorded net outflows of -231.7 million dollars, far above the one-week average

GateNews23m ago

Canaan Creative Reports 89 BTC Mining Output in March, Holdings Reach 1,808 BTC

Canaan Creative reported producing 89 BTC in March 2023, with total holdings of 1,808 BTC and 3,952 ETH. The company increased its global mining capacity by over 10 megawatts, reaching a total of 266.3 megawatts.

GateNews39m ago

Strive Raises SATA Dividend to 13%, Adds 27 Bitcoin to Bring Total Holdings to 13,768 BTC

Strive, a Nasdaq-listed bitcoin treasury company, is raising its Series A Preferred Stock dividend to 13.00%. It also acquired 27 additional bitcoins, totaling 13,768 BTC, ensuring dividend payments can be supported for about 19.6 years.

GateNews1h ago

BlackRock Transfers 15,101 ETH and 566 BTC to Major CEX, Worth $75.96M

BlackRock recently transferred over $35 million in ETH and $41 million in BTC through its ETFs to a major CEX, totaling nearly $76 million in value.

GateNews2h ago

Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows

Bitcoin and ether ETFs reclaimed positive territory after recent volatility with combined inflows of $973 million. XRP quietly gained ground, while solana slipped into outflows. Key Takeaways Bitcoin ETFs gained $786 million and ether $187 million from April 6–10, led by Blackrock IBIT

Coinpedia2h ago
Comment
0/400
No comments