Circle Ventures has announced an investment in edgeX, the team behind the rapidly growing decentralized exchange EDGE Chain. This move coincides with the upcoming listing of native USDC and the cross-chain transfer protocol CCTP on EDGE Chain. As a Layer-3 blockchain, EDGE Chain utilizes the security of Arbitrum's Layer-2 chain, settling on Ethereum's Layer-1.
The integration of native USDC will enhance EDGE Chain's trading ecosystem by providing a regulated stablecoin for various on-chain activities, including trading and lending. The cross-chain transfer protocol CCTP will facilitate efficient USDC transfers between EDGE Chain and other blockchains, supporting cross-chain transactions and financial applications. This development is expected to significantly boost EDGE Chain's capabilities, including 24/7 settlement for lending, spot trading, and perpetual contracts.
Circle Ventures Invests in edgeX, Lists USDC and CCTP on EDGE Chain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
