As digital finance continues to evolve, the need for scalable enterprise-level infrastructure is more urgent than ever. Bridging the gap between traditional trading and DeFi requires not only innovation, but also speed and stability. As part of xMoney’s (formerly Utrust and Twispay) continued commitment to this goal, today announced the completion of $USDC integration with the Hedera network.
The integration of $USDC on Hedera signals a strengthening of xMoney’s decades-long relationship with the Hedera ecosystem and aims to provide merchants and global partners with a payment trail that can support serious operational volumes.
A strategic deepening of cooperation
To use $USDC within the xMoney ecosystem on Hedera, it does not just happen overnight, it is a mutual collaboration that takes many years. xMoney has always sought to give its merchants the tools they need to conduct the most effective cross-border transactions, and through Hedera’s Hashgraph protocol it will benefit from an innovative way to do this. Hedera will enable them to conduct cross-border transactions using a Proof-of-Work model, while achieving much higher throughput than traditional Proof-of-Work blockchains. It also offers lower and more predictable costs compared to using a conventional blockchain.
xMoney removes barriers $USDC transactions on the Ethereum blockchain by eliminating gas fees and reducing transaction settlement times through the use of $USDC. This allows companies to conduct business efficiently according to current security and compliance standards.
Real-world scalability for sellers
Merchants primarily choose the xMoney Platform for its exceptional scalability in real-world applications. Hedera has demonstrated true scalability through live enterprise environments, while many other blockchain companies rely on laboratory settings to demonstrate their ability to process transactions at high speeds. Payments to or from sellers using $USDC on Hedera have an almost immediate finality.
Industries that regularly make frequent transactions or operate with low margins often find it unmanageable to pay traditional credit card processing fees (between 2 and 4%). By leveraging the efficiency of the Hedera network, xMoney ensures that the global user community can enjoy a simpler and cheaper way to transact.
Strengthening the Web3 ecosystem
xMoney’s move is in line with how other fintech companies are shifting toward specialized networks to enhance specific operations. Many Fintech platforms also use specialized networks to enhance the user experience of their users.
xMoney is moving forward with the development of their ecosystem by “creating rails that support high-volume transaction capabilities.” The purpose of this integration is so that the core technology used to support the high volume of transactions will not limit the ability of more merchants to transition to using Web3.
Conclusion
The launch of $USDC on Hedera in the xMoney ecosystem represents a significant development for blockchain-centric retail. Transparency is now achievable as technology evolves to meet the “enterprise-ready” needs of retailers. The combination of $USDCThe stability of Hedera’s performance and xMoney’s size will help move the entire digital payments industry significantly closer to mainstream adoption. As the xMoney team likes to say, “We keep building. You keep growing.”