Circle Internet Group announced that its USDC stablecoin, Cross-Chain Transfer Protocol (CCTP), Wallets, and Contracts are now live on the Monad blockchain. This move makes Circle's services available on a high-performance Layer-1 blockchain that is compatible with the Ethereum Virtual Machine (EVM), aiming to provide secure and efficient settlement for decentralized finance (DeFi) and other applications. The integration is intended to support developers and businesses building on Monad by enabling use cases such as real-time payments, and serving as collateral in lending and a settlement asset for trades. No specific market reaction to this announcement was noted in the available information. Separately, it was reported on the same day that Geode Capital Management LLC disclosed a new $65.50 million investment in Circle.
Circle Expands USDC and Developer Services to Monad Blockchain
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