After the launch of the USDCx stablecoin on the Cardano network, Cardano's total DeFi locked value (TVL) increased by over 6% in the past 24 hours, reaching $136 million. The TVLs of major protocols Minswap, Liqwid, and SundaeSwap grew by 17%, 4%, and 77%, respectively. Circle's USDCx is backed 1:1 by USDC and aims to enhance cross-chain liquidity. Input Output Group will subsidize the initial bridging transfer fees.
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After the launch of the USDCx stablecoin on the Cardano network, Cardano's total DeFi locked value (TVL) increased by over 6% in the past 24 hours, reaching $136 million. The TVLs of major protocols Minswap, Liqwid, and SundaeSwap grew by 17%, 4%, and 77%, respectively. Circle's USDCx is backed 1:1 by USDC and aims to enhance cross-chain liquidity. Input Output Group will subsidize the initial bridging transfer fees.