{
  "id": 273980,
  "title": "Circle expands USDC to OKX ecosystem with X Layer launch",
  "url": "https://urgent.news/2026/08/07/circle-expands-usdc-to-okx-ecosystem-with-x-layer-launch",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T17:36:45.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/circle-native-usdc-okx-x-layer-cctp"
  },
  "original_language": "en",
  "account": "Circle, a leading blockchain infrastructure company, has expanded its USDC stablecoin to OKX's X Layer, a network built on Ethereum's layer-2 infrastructure. This integration enables users of X Layer to access Circle-issued USDC and facilitates crosschain transfers. USDC is now available on X Layer, which is compatible with the Ethereum Virtual Machine (EVM), allowing Ethereum-based applications to run with minimal modifications. A key feature of this integration is the Cross-Chain Transfer Protocol (CCTP), which enables the movement of USDC between X Layer and other supported blockchains. This is achieved by burning USDC on the source chain and minting an equivalent amount on the destination chain. The expansion of USDC to X Layer opens up new possibilities for its use, including payments, decentralized finance lending and borrowing, trading, and crosschain transfers. Additionally, Circle offers businesses USDC on- and offramps through Circle Mint. With the integration, Circle's USDC joins the blockchain ecosystem of a major centralized exchange. OKX, one of the world's largest cryptocurrency exchanges by trading volume, recorded over $975 million in spot trading volume over the past 24 hours.",
  "summary": "Circle has expanded its USDC stablecoin to OKX’s X Layer, an Ethereum layer-2 network, in a move that brings the world’s second-largest stablecoin to a major centralized exchange’s blockchain ecosystem. X Layer is compatible with the Ethereum Virtual Machine (EVM), allowing applications built for Ethereum to run on it with minimal changes. Circle’s Cross-Chain Transfer Protocol (CCTP) enables USDC to move between X Layer and other supported blockchains by burning tokens on the source chain and minting an equivalent amount on the destination chain. This integration supports various use cases, including payments, decentralized finance (DeFi) lending and borrowing, trading, and cross-chain transfers. Additionally, Circle offers on- and off-ramps for eligible businesses through Circle Mint. OKX reported over $975 million in spot trading volume in the past 24 hours, making it the fourth-largest crypto exchange by that measure.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}