Company
Date Published
Author
Emile DubiƩ
Word count
591
Language
English
Hacker News points
None

Summary

XDEFI, founded in 2020, aims to simplify and secure cryptocurrency use through its multichain wallet, supporting hundreds of blockchains including EVM, Cosmos, Bitcoin, and Solana. By integrating Circle's Cross-Chain Transfer Protocol (CCTP), XDEFI enhances user experience by enabling seamless, zero-fee cross-chain swaps of USDC, making decentralized finance more accessible and efficient. This collaboration ensures users can treat USDC as a single asset across multiple chains, with over 230,000 active users leveraging XDEFI's platform. The newly launched Gas Tank feature allows users to pay for gas on 36 blockchains using USDC, chosen for its stability and security. XDEFI's partnership with Circle represents a significant step towards making cryptocurrency transactions as straightforward as traditional exchanges, evidenced by the facilitation of $200 million in CCTP bridge volume over the past year.