Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand

TL;DRKraken says it now supports USDCx deposits and withdrawals on the Canton Network.USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum.Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets.The move adds another exchange connection to institutional stablecoin and settlement infrastructure.Kraken has added support for deposits and withdrawals of USDCx on t