Circle’s USDC to become primary currency on XION blockchain
As part of the strategic agreement with Circle Ventures, XION will use USDC as its primary transactional currency . Burnt, a web3 developer of the XION blockchain , announced in a press release on Oct. 5 the launch of its public testnet for XION, a layer-1 network focused on “tangible use cases.” Besides the testnet launch, Burnt also revealed it has signed a prior strategic investment agreement with Circle Ventures, the venture arm of Circle. As part of the deal, XION will be using USDC as its primary currency, displaying all prices on the blockchain in the stablecoin. “With the beta launch of XION, developers can build purpose-built applications that leverage USDC for widespread adoption.” Wyatt Lonergan, Principal at Circle Ventures Burnt says its blockchain has already onboarded over 200,000 active on-chain wallets and processed more than 1 million on-chain transactions. The network is said to be supported by over 70 partners, including Checkout.co...