Gate has officially announced support for USDCx deposit and withdrawal services on the Canton Network, allowing users to utilize USDCx in trading and asset management scenarios on the platform. With the launch of this feature, Gate has simultaneously introduced several ecological activities, including CandyDrop, the USDCx deposit challenge, and various incentive programs, with a total reward pool of 150,000 USD worth of Canton Network ecological token CC, further enhancing the liquidity and user activity of Canton ecological assets while expanding the platform's support for multi-chain stablecoin ecosystems.

Public information shows that USDCx is a stablecoin natively issued on the Canton Network, backed 1:1 by USDC, with reserves supported by USDC stored in the Circle xReserve smart contract. As an asset that complies with the Canton CIP-56 standard, USDCx possesses interoperability and full composability in the asset, application, wallet, and trading scenarios of the Canton Network, while also addressing privacy protection needs. The Canton Foundation, as an independent non-profit organization, is responsible for the governance and open-source infrastructure development of the Canton Network, focusing on promoting transparent collaboration, network reliability, and ecological sustainability in institutional-level blockchain scenarios.

To coincide with the launch of the USDCx deposit and withdrawal feature, Gate has also initiated several ecological incentive activities. Among them, the CandyDrop event will focus on CC spot trading and first trading tasks, with the platform providing a total of 396,360 CC rewards, valued at approximately 50,000 USD, to enhance user participation and market activity. Meanwhile, the "USDCx Deposit Challenge" has officially launched, allowing users who complete USDCx deposits on the Canton chain to participate in sharing CC rewards valued at approximately 50,000 USD, further promoting the use of stablecoin deposits and ecological participation on the Canton chain.

In terms of financial products, Gate's Yubibao has launched CC fixed-term products. The 30-day fixed-term product offers a 20% APY, with a maximum limit of 450,000 CC; the 60-day fixed-term product offers a 30% APY, with a maximum limit of 150,000 CC; the reward cap for a single user is equivalent to tokens valued at 1,000 USDT.

As a leading global digital asset trading platform, Gate has continuously strengthened its support for multi-chain assets, stablecoin ecosystems, and on-chain infrastructure in recent years, forming a complete product matrix covering trading, wealth management, payment, and Web3 services. The support for USDCx deposits and withdrawals on the Canton chain, along with the launch of multi-dimensional incentive activities around CC, not only further enhances the liquidity and user coverage of Canton ecological assets but also reflects Gate's long-term commitment to continuously integrating emerging public chain ecosystems, expanding interoperable digital asset infrastructure, and supporting the evolution of institutional-level on-chain finance. In the future, Gate will continue to expand quality on-chain assets and ecological partnerships, promoting more innovative assets and application scenarios to global users.

About Gate

Founded in 2013, Gate is one of the world's leading cryptocurrency trading platforms, with founder and CEO Dr. Han. The platform serves over 53 million users and supports trading of over 4,600 types of crypto assets. As an industry benchmark, Gate was the first to achieve 100% reserve proof, with an ecosystem that includes Gate Wallet, Gate Ventures, Gate for AI Agent, and other diverse services.

Disclaimer:

This content does not constitute any invitation, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit all or part of its services from restricted areas. Please read the User Agreement for more information.