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Ripple Integrates USDC on XRP Ledger - Unchained
Ripple has integrated Circle’s USDC stablecoin directly onto the XRP Ledger (XRPL), a move that became official on Thursday and makes USDC available natively on the XRPL mainnet.
While XRPL is often associated with Ripple, the network is maintained by a global community of validators and developers. It uses the Federated Consensus Protocol, where validators agree on the validity and order of transactions every three to five seconds.
This story is an excerpt from the Unchained Daily newsletter.
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The USDC integration is expected to boost liquidity on the XRPL and facilitate cross-border payments, remittances, and decentralized finance (DeFi) applications.
It also aligns with Circle’s efforts to expand USDC’s utility, with its market share now representing around 25% of the total stablecoin market, second to Tether’s USDT which remains the clear leader.