Overview
- Charles Hoskinson announced a legally signed agreement to integrate USDCx, describing the rollout as near-term and highlighting fast integration claims.
- USDCx uses Circle’s xReserve model for partner chains, with USDC held on a source chain and representations minted on non‑EVM networks such as Cardano.
- The asset is not live on Cardano yet, and Circle’s public xReserve documentation does not currently list Cardano as a supported remote chain.
- Cardano holds roughly $36.6 million in circulating stablecoins, and access to Circle’s broader USDC liquidity could expand that base if adoption materializes.
- The Pentad negotiated the deal for Cardano, and the outcome now depends on app integrations, exchange support, cross‑chain routing, and professional market‑maker participation.