Gate officially launches USDCx, a native stablecoin of the Canton Network and has opened deposits and withdrawals on its exchange: an important step towards providing institutional-grade infrastructure for stablecoins across interoperable blockchain ecosystems. This launch directly integrates USDCx into Gate’s trading and asset management environment, while creating novel liquidity paths between the Canton Network and the global crypto markets. Gate is concurrently launching numerous ecosystem incentive programs with total reward pools of around $150,000 in Canton ecosystem token rewards. According to the announcement, each USDCx is 1:1 backed by reserves of USDC in a way facilitated via Circle’s xReserve smart-contract
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