14 Million USDCx on Cardano Minted in One Hour as Mainnet Debut Approaches

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. It seems that all Cardano supporters may finally get their first major stablecoin on their favorite blockchain soon, as, on Friday, Feb. 27, a multimillion mint, currently totaling 14 million USDCx, was reported by Cexplorer . Given that the stated launch deadline was February and just over one day remains until the end of the month, it can be expected that within the next 36 hours we may see official confirmation of the full USDCx integration on Cardano. Advertisement The discussion concerns the integration of USDC by Circle with Cardano, an agreement on which was signed and announced by Charles Hoskinson at the end of January 2026. The token carries the ticker USDCx. Why USDCx on Cardano is not a simple USDC stablecoin Unlike other USDC deployments on blockchains such as Solana or Ethereum, USDC on Cardano will not be native. Hence, the “X” suffix, as the stablecoin here represents a version backed one-to-one by the original USDC through Circle’s Xreserve infrastructure. HOT Stories Wikipedia Co-Founder: No One Is Using Bitcoin as Money XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May 'Flip' Bitcoin in Five Years Amid Quantum Threat, Cardano's USDC Eyes Two-Day Deadline: Morning Crypto Report This solution is specifically designed for blockchains that do not use the Ethereum Virtual Machine, such as Cardano. Advertisement One of the key features of USDCx on Cardano is its focus on transaction privacy through the use of Zero Knowledge Proof technology, which also distinguishes it from standard versions on other networks. Otherwise, USDCx is expected to function like a regular Circle stablecoin . There's more. Almost 14,000,000 $USDCx minted now. 🔥 https://t.co/XvYtVqIAmc?from=article-links pic.twitter.com/7mqHVJ7U7y — Cexplorer.io 🅰️ (@cexplorer_io) February 27, 2026 It is important to note that direct redemption into fiat dollars via a Circle bank account is available only to institutional clients. Retail users are expected to exchange it on centralized exchanges or via DEXes, where it will be instantly converted into standard USDC when exiting the network. Advertisement You Might Also Like Fri, 02/27/2026 - 14:36 XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May 'Flip' Bitcoin in Five Years Amid Quantum Threat, Cardano's USDC Eyes Two-Day Deadline: Morning Crypto Report By Gamza Khanzadaev Before USDCX, Cardano users relied on USDTM; bridge tokens such as those issued via WanChain that provided wrapped versions of USDC and USDT; and DJED, an algorithmic overcollateralized stablecoin. However, these solutions do not compare to a Circle-issued stablecoin which, in addition to its capitalization — effectively liquidity in the case of a stablecoin — of $75 billion, significantly expands access for Cardano developers and users of the broader global crypto market. #Cardano #Circle #Cardano News