The OKX DEX aggregator is one of the first decentralized exchanges to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and OP Mainnet, with more support coming soon.
OKX, a global leading Web3 technology company, and Circle Internet Financial (Circle), a global fintech firm and issuer of USDC, has announced cutting-edge USDC features on the OKX Wallet and the OKX DEX aggregator, marking a new milestone in the Web3 landscape..
OKX and Circle are enabling USDC transactions without network fees and integrating the OKX DEX aggregator with Circle’s Cross-Chain Transfer Protocol (CCTP). The ‘USDC Zero Network Fee Campaign’ enables OKX Wallet’s Smart Account users to conduct USDC transactions without network fees from September 7 to October 5, 2023.
OKX Wallet’s Smart Account feature, powered by account abstraction technology and launched on August 2, 2023, enables seamless transactions across multiple blockchains using stablecoins like USDC.
The integration of the OKX DEX aggregator with Circle’s CCTP, a permissionless on-chain utility
that enables USDC to move natively between blockchains, provides a more streamlined
experience for users trading USDC pairs. The integration also marks a significant step towards
cross-chain USDC utility across Ethereum, Avalanche, Arbitrum and the OP Mainnet
ecosystems. As new CCTP routes become available, the OKX DEX aggregator is expected to
support additional blockchains for USDC cross-chain functionality.
OKX Chief Innovation Officer Jason Lau said: “OKX is committed to improving usability and
accessibility for users in the Web3 space, and now users have an even better experience as
they interact and transact using USDC. In addition, users can conduct transactions without
network fees using OKX Wallet’s recently launched Smart Account and seamlessly exchange
USDC across various networks via the built-in swap feature.”
Chief Strategy Officer and Head of Global Policy of Circle, Dante Disparte, said: “Circle is
delighted to improve access to DeFi with CCTP and innovative gas abstraction features built on USDC in order to streamline user experiences, pioneer transformative change in finance and drive greater adoption of blockchain-powered technology.”