Gate launches USDCx deposit and withdrawal services on Canton Network, simultaneously introducing a $150,000 CC incentive program

The globally leading cryptocurrency asset trading platform Gate has officially announced support for USDCx deposit and withdrawal services on the Canton Network. Users can now use USDCx in trading and asset management scenarios on the platform. Along with the launch of this feature, Gate has also introduced multiple activities such as CandyDrop, the USDCx deposit challenge, and YuBiBao wealth management, with a total reward scale of 150,000 USD equivalent in Canton ecosystem tokens CC.

Public information shows that USDCx is a stablecoin natively issued on the Canton Network, backed 1:1 by USDC, with reserves stored in the Circle xReserve smart contract. It adheres to the CIP-56 standard, providing interoperability and full composability across different applications and asset scenarios, while also addressing privacy needs.

Gate's launch of USDCx, along with multi-dimensional incentives, helps enhance liquidity and user coverage in the Canton ecosystem. It also reflects the platform's ongoing commitment to integrating emerging public chain ecosystems, expanding interoperable digital asset infrastructure, and supporting the long-term evolution of institutional-grade on-chain finance. In the future, Gate will continue to expand high-quality on-chain assets and ecosystem partnerships, promoting more innovative assets and application scenarios for global users.