what's USDCx?
USDCx is a stablecoin issued by Circle through its xReserve infrastructure, maintaining a 1:1 backing with USDC reserves held in custody. It enables native USD liquidity on various blockchains without bridges or wrapping, supporting compliant, institutional-grade transactions. Designed for privacy-preserving payments and cross-chain access, USDCx has launched on networks like Aleo for banking-level privacy, Stacks for Bitcoin L2 DeFi and commerce, and Canton Network for enterprise workflows. Institutions can bridge USDC directly into these ecosystems, leveraging Circle's regulated reserves for seamless dollar movements on specialized chains.
USDCx introduces SUP token rewards and Claim App swapping via LI.FI.
Enabled swapping to USDCx through the Claim App powered by LI.FI protocol integration, starting on December 22, 2025.
BlackRock signed a multi-year exclusive cooperation memorandum with Circle, according to discussion analyzing the strategic positioning of USDC and USDCx in the US dollar system. (ID: 1998914035123999179)
Circle partners with Aleo to launch USDCx on Aleo Testnet, enabling bank-level privacy for institutional settlements with hidden transaction records and asset flows according to Aleo co-founder Howard Wu.
XDEX Terminal launches with DLMM (Dynamic Liquidity Market Maker) functionality for $XNT token liquidity on X1, bridging USDC from Solana via Wormhole fork atomic bridge.
USDCx launches on Canton with Digital Asset and Loop Wallet as partners, delivering privacy-first cross-chain USDC liquidity.
CertiK conducts comprehensive security assessment of the USDCx bridge on Canton Network, including audit of onchain Daml smart contracts and penetration testing of offchain infrastructure.
USDCx integrates with Canton Network via Circle xReserve, expanding to a platform powering major TradFi institutions moving onchain. The stablecoin remains 1:1 backed by USDC with cross-chain interoperability and no third-party bridges required.
Circle launched Reserve platform enabling custom stablecoins backed 1:1 by USDC, with USDCx as an early adopter serving as Stacks' stablecoin for Bitcoin DeFi applications.