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Gate.io adds USDCx, fully backed by USDC, enabling Canton Network stablecoin transactions
Gate.io has announced the availability of USDCx, the native stablecoin of Canton Network, for deposits and withdrawals on its platform. USDCx is backed 1:1 by USDC and operates via Circle’s xReserve smart contract according to the Canton CIP-56 standard.
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Gate.io has introduced support for USDCx, the stablecoin native to the Canton Network, enabling users to make deposits and withdrawals in this asset. According to the announcement, USDCx is fully backed 1:1 by USDC and operates via Circle’s xReserve smart contract, following the Canton CIP-56 standard.
No further technical or operational details were provided in the announcement.
Gate.io is a multifunctional cryptocurrency exchange offering spot and margin trading, as well as futures, ETFs, cloud mining, and lending options. The platform supports a wide variety of cryptocurrencies and tokenized assets, provides a customizable strategy base, integrated TradingView terminal, affiliate program, and 24/7 multilingual support, but does not support fiat currencies and lacks a call center. For more details, see the broker profile on Traders Union.
For context, you can read our earlier news about Gate.io's listing of the Solstice Finance ($SLX) token and the launch of zero-fee conversions in the previous Gate.io update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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