Circle Ventures invests in edgeX, bringing USDC to the EDGE Chain
edgeX, a decentralized buying and selling infrastructure for perpetual markets and broader buying and selling, right now introduced a strategic funding from Circle Ventures.
edgeX helps perpetual buying and selling use circumstances the place stablecoins are used for buying and selling and settlement, an space that aligns with Circle’s broader concentrate on increasing stablecoin utility inside decentralized monetary techniques.
Circle plans to combine native USDC and its Cross-Chain Transfer Protocol (CCTP) with the EDGE Chain, topic to completion. The EDGE Chain is a blockchain that powers edgeX, and is purpose-built for performance-intensive buying and selling purposes. The upcoming launch of native USDC and CCTP on EDGE is predicted to allow new use circumstances for establishments, builders, merchants, infrastructure suppliers, market makers, and different EDGE ecosystem customers.
According to internal metrics, edgeX presently helps tons of of hundreds of transacting addresses and processes billions of {dollars} in every day buying and selling quantity, with substantial open curiosity and liquidity throughout its markets. The edgeX mobile application has seen sturdy adoption, notably throughout Asia, reflecting a broader shift towards mobile-first buying and selling conduct.
More just lately, RWA-linked perpetual markets, resembling stock and commodity perpetuals – have emerged as a key space of progress for edgeX, alongside spot buying and selling and prediction markets. In parallel, the firm continues to develop the EDGE Chain to assist performance-intensive, trading-focused purposes.
For extra data or to entry the platform, go to the edgeX website.
About edgeX
edgeX is a decentralized onchain perpetual buying and selling platform, specializing in capital-efficient, high-frequency perpetual buying and selling and stablecoin-native infrastructure for international retail customers.
The publish Circle Ventures invests in edgeX, bringing USDC to the EDGE Chain appeared first on Metaverse Post.
