In collaboration with Circle, Input Output has deployed the technical infrastructure for USDCx on Cardano – bringing dollar-denominated liquidity backed by USDC in Circle xReserve. This integration connects Cardano to Circle’s xReserve infrastructure, introducing a reliable, institution-ready settlement rail designed for real-world use from day one.
For the first 10 days, IOG will subsidize bridge fees for USDCx transfers to Cardano to help you get started with lower costs, with all other network and DEX fees remaining the responsibility of the user.
Read the FAQs for details: USDCx Bridge
This integration was delivered through the Critical Integrations program, funded by the Cardano community. Thank you to everyone who made this possible – including our Pentad members and Midgard Labs, who helped build, operate, and secure the USDCx infrastructure.
What is available at launch
As a native token on the Cardano blockchain, USDCx is linked to USDC held in the xReserve smart contract and designed to deliver seamless 1:1 utility and liquidity within the ecosystem. The USDCx Bridge web application enables users to:
- Deposit USDC into the xReserve smart contract on Ethereum and mint the equivalent amount of USDCx on Cardano
- Burn USDCx on Cardano to release the equivalent amount of USDC on Ethereum
- Deposit USDC into the xReserve smart contract on Ethereum and automatically swap a portion to any Cardano native asset via supported DEX integrations (currently Minswap)
- Deposit or withdraw USDC on Base directly on any supported centralized exchange into USDCx in your Cardano wallet without needing to interact with Ethereum
Day-one integrations: Minswap, Liqwid, and SundaeSwap.
Read the full blog post
Read the press release