USDC Is Being Used for More Than Trading, and Bybit Is Expanding Support on XDC

Stablecoins like USDC are increasingly used for routine payments and business transfers, which has exposed limitations in congested networks like Ethereum, leading to high and volatile fees. In response to this shift where transfer predictability matters as much as access, Bybit is expanding USDC support to the XDC Network. This move aims to provide users with a more reliable and cost-effective route for moving funds, as XDC is known for low, consistent transaction costs, making it suitable for everyday financial tools. Bybit is supporting this integration by waiving withdrawal fees on XDC temporarily and launching a $200,000 reward pool. This trend reflects a broader industry movement where exchanges are adding support for settlement networks like XDC, which is already used for trade finance and tokenization, to handle increased stablecoin flows smoothly, aligning with expectations for stablecoins to function like reliable, everyday payment instruments.

(Source：BeInCrypto)