Circle Expands USDC Reach With Native Launch of CCTP on OKX’s X Layer
TL;DR:
- Circle issued its native stablecoin on X Layer, the Layer 2 network built on Ethereum developed by the OKX platform.
- The integration activates the CCTP protocol, allowing direct burning and minting of tokens at a 1:1 ratio across compatible chains.
- The X Layer network will temporarily maintain support for the bridged version (USDC.e) while encouraging a progressive migration.
Circle will launch its native USDC token on X Layer, the secondary processing network developed by OKX. The technical update implemented in early August 2026 includes the immediate activation of the Cross-Chain Transfer Protocol CCTP.
USDC on X Layer turns the Layer 2 solution into an Ethereum Virtual Machine-compatible environment featuring direct liquidity issued by Circle itself. According to Circle’s official documentation, the move aims to reduce risks associated with capital fragmentation and accelerate transaction settlement in decentralized applications.
Cross-chain transfers via the CCTP protocol
The incorporation of the Cross-Chain Transfer Protocol changes the process of moving funds between blockchain networks. Instead of locking assets in vulnerable smart contracts or using third-party managed bridged versions, the system burns the token on the source network and mints it on the destination network.
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