Launching today and continuing until October 5, OKX and Circle's joint 'USDC Zero Network Fee Campaign' enables OKX Wallet’s Smart Account users to enjoy zero network fee transactions
The OKX DEX aggregator becomes one of the first decentralized exchanges to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and OP Mainnet, with support for more blockchains expected soon
San Francisco, September 7, 2023 -- OKX, a global leading Web3 technology company, and Circle Internet Financial (Circle), a global fintech firm and issuer of USDC, today jointly announced cutting-edge USDC features on the OKX Wallet and OKX DEX aggregator, marking a new milestone in the Web3 landscape. OKX and Circle are enabling gas-free 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, with further details available here. 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 gas-free 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.”
Circle Chief Strategy Officer and Head of Global Policy 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.”
DISCLAIMER This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
