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📣 Gate now officially supports depositing and withdrawing funds in USDCx — its own stablecoin on the Canton network.
Main features:
🔷 Fully backed USDC at a 1:1 ratio.
🔷 Supports trading and asset management, just like traditional stablecoins.
🔷 Reserves are backed by USDC stored in the xReserve smart contract from Circle.
🔷 Built on the Canton CIP-56 standard, which ensures broader interoperability and composability within the Canton ecosystem, while supporting advanced privacy features.
✨ To celebrate the launch, Gate is launching several campaigns with a total prize pool of $150,000 in CC, including CandyDrop, USDCx Deposit Challenge, and Simple Earn.
✨ Through continuous integration with new blockchain ecosystems, Gate is expanding stablecoin usability, strengthening the financial infrastructure of the network, and offering users worldwide more innovative digital assets.
🔗 Learn more:
https://www.gate.com/announcements/article/51355
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