Circle Ventures invested in edgeX and facilitated the listing of native USDC and CCTP on EDGE Chain.
PANews reported on February 10th that, according to official Circle news, native USDC and the cross-chain transfer protocol CCTP will soon be listed on EDGE Chain. Meanwhile, Circle Ventures has invested in edgeX, the team behind EDGE Chain. edgeX is a rapidly growing perpetual decentralized exchange (DEX) designed to provide competitive trading speeds and performance comparable to centralized exchanges.
As a Layer-3 blockchain, EDGE Chain leverages the security of the Arbitrum Layer-2 chain to ultimately complete settlement on the Ethereum Layer-1 chain. The addition of native USDC will provide EDGE Chain and its core application, edgeX, with a regulated stablecoin for trading, lending, and other on-chain activities, and will support institutional user fund inflows and outflows through Circle Mint. The cross-chain transfer protocol CCTP will allow developers to efficiently and securely transfer USDC between EDGE Chain and other blockchains, supporting cross-chain transactions, margin trading, lending, and other financial applications.
Currently, EDGE Chain supports bridged USDC (USDC.e) created by Alchemy, and will gradually migrate to native USDC in the future. Circle stated that this integration will significantly enhance the trading ecosystem capabilities of EDGE Chain and edgeX, including 24/7 settlement capabilities, covering areas such as lending, spot trading, and perpetual contracts.
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