Layer 1 blockchain that uses USDC stablecoin for gas fees opens public testnet | Headlines | News | CoinMarketCap

10/05/2023 22:04
Layer 1 blockchain that uses USDC stablecoin for gas fees opens public testnet | Headlines | News | CoinMarketCap

Web3 developer Burnt announced the launch of its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC stablecoin as its …

Web3 developer Burnt announced the launch of its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC stablecoin as its native transactional currency.

The network will focus on uses cases around payments, social communities, web subscriptions, loyalty programs and games.

Xion will be supported by an ecosystem of over seventy-five partners who provide users with key functionalities, from onramp to managing on-chain communities and fee abstraction.

User experience: pricing in USDC

Besides using USDC for transaction fees, all products built on Xion will display prices in the stablecoin to make them user friendly.

"Our long-term vision for XION is to empower user-friendly applications that harness the power of Web3 without the complexities typically …

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