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Record sog_st_usdcx_cardano
USDCx/Cardano USDCx
Also recorded as Cardano USDCx, USDCx on Cardano
- Lifecycle
- Active
- Issuance
- Unknown
- Reference target
- US dollar
- Primary organization
- Cardano USDCx decentralized protocol
No additional recorded relationship - Launch
- 2026-02-27
- Redemption
- Protocol Burn to Usdc
- Backing
- Unknown
- Stabilization
- Protocol Mint Burn Against Usdc
- Last review
- 2026-08-31
- Evidence
- 1 source record
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Cardano-native USDC-backed stablecoin issued by a decentralized protocol on Cardano using Circle xReserve for backing and interoperability.
| Name | Cardano USDCx |
|---|---|
| Symbol | USDCx |
| Aliases | Cardano USDCx, USDCx on Cardano |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Unknown |
| Canonical record ID | sog_st_usdcx_cardano |
| Route slug | cardano-usdcx |
| Record confidence | High |
| Last reviewed | 2026-08-31 |
- Name
- Cardano USDCx
- Symbol
- USDCx
- Aliases
- Cardano USDCx, USDCx on Cardano
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Unknown
- Canonical record ID
sog_st_usdcx_cardano- Route slug
cardano-usdcx- Record confidence
- High
- Last reviewed
- 2026-08-31
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 1 |
| Reserve reports | 0 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 1 |
| Events | 1 |
Material concerns
What the reviewed record does not let you assume
Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.- Reserve verification
- Not independently evidenced in the registry
- Material known unknowns
- 1 open
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Protocol
- Primary display organization
- Cardano USDCx decentralized protocol
- Primary display role
- Protocol operator
- Relationship coverage
- 1 recorded relationship
Control and relationship coverage
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 1
- Observed issuer-control events
- 0
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Cardano USDCx decentralized protocol | Unknown or not yet classified | Unknown or unresolved | Unknown or not publicly resolved | Protocol operator | Primary display | 2026-02-27 | Not yet recorded | Active relationship |
Unknown or not yet classified
Primary displayCardano USDCx decentralized protocol
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Unknown or unresolved
- Jurisdiction
- Unknown or not publicly resolved
- From
- 2026-02-27
- Until
- Not recorded
Mechanism
How the asset works
Primary operating facts are shown first. Classification and methodology details remain available below.- Reference target
- US dollar
- Public backing model
- Unknown
- Primary stabilization mechanism
- Protocol Mint Burn Against Usdc
- Redemption / exit model
- Protocol Burn to Usdc
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- No recorded change · Accrual: No recorded change
Classification and mechanism details
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- Circle describes Cardano USDCx as USDC-backed through xReserve.
- Canonical backing types
- Crypto Asset
- Reserve component categories
- Stablecoin Collateral
- Recorded model description
- Usdc Backed Circle Xreserve
- Classification notes
- Cardano USDCx is protocol-issued and USDC-backed through Circle xReserve; no corporate legal issuer is inferred.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- USDC held in Circle xReserve backing Cardano USDCx 1:1Stablecoin Collateral · 100% · Circle states Cardano USDCx is fully backed by USDC held in xReserve.
| Disclosure status | Onchain Xreserve Backing |
|---|---|
| Backing types | Crypto Asset |
| Summary | Circle states Cardano USDCx is fully backed 1:1 by USDC held in Circle xReserve. |
| As of | 2026-02-27 |
| Profile confidence | High |
- Disclosure status
- Onchain Xreserve Backing
- Backing types
- Crypto Asset
- Summary
- Circle states Cardano USDCx is fully backed 1:1 by USDC held in Circle xReserve.
- As of
- 2026-02-27
- Profile confidence
- High
| Current status | Protocol Exit |
|---|---|
| Settlement asset | USDC |
| Eligible parties | Users of supported xReserve-compatible flows. |
| Retail access | protocol access subject to supported interfaces |
| Institutional access | protocol access subject to supported interfaces |
| Minimum amount | not established |
| Fee | not established |
| Settlement time | not established |
| Regional limits | Interface and Service Provider Restrictions May Apply |
- Current status
- Protocol Exit
- Settlement asset
- USDC
- Eligible parties
- Users of supported xReserve-compatible flows.
- Retail access
- protocol access subject to supported interfaces
- Institutional access
- protocol access subject to supported interfaces
- Minimum amount
- not established
- Fee
- not established
- Settlement time
- not established
- Regional limits
- Interface and Service Provider Restrictions May Apply
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| No reserve reports have been added yet. | ||||
No reserve reports have been added yet.
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Standard | Deployment type | Operational state | Contract or identifier |
|---|---|---|---|---|
| Cardano | Cardano native asset | Protocol-native or protocol-supported deployment | Active | Identifier not recorded |
Technical, canonicality, and control fields
| ||||
Network
ActiveCardano
- Standard
- Cardano native asset
- Deployment type
- Protocol-native or protocol-supported deployment
- Contract or identifier
- Identifier not recorded
Technical, canonicality, and control fields
- Network record state
- Specific network recorded
- Canonical deployment type
- Protocol Native Token
- Recorded status
- Active
- Change or proposal state
- No separate change state recorded
- Canonicality
- Native deployment
- Canonicality record state
- Canonicality recorded
- Verification state
- Source-linked record; identifier not recorded
- Contract identity state
- Identifier not recorded
- Freeze
- Not yet recorded
- Blacklist
- Not yet recorded
- Control events
- 1
- Notes
- Circle establishes Cardano mainnet USDCx and publishes the asset identity in primary material; exact normalized address is left unresolved here rather than retyped without capture.
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| USDCx on Cardano Now Available via Circle xReserve Published 2026-02-27 | Circle | Official statement or announcement Canonical: Official Announcement | Subject-controlled source | Primary source | Identity, Launch, Backing, Deployment, Contract Identity, Protocol Mechanism, Usdcx Cardano Identity Launch Xreserve Backing Mainnet Address | Archive index or wildcard | High |
Official statement or announcement
HighUSDCx on Cardano Now Available via Circle xReserve
- Publisher
- Circle
- Published
- 2026-02-27
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Identity, Launch, Backing, Deployment, Contract Identity, Protocol Mechanism, Usdcx Cardano Identity Launch Xreserve Backing Mainnet Address
- Archive
- Archive index or wildcard
- Reliability
- High
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Exact Asset Identity Governance Mint Burn Controls and Interface Terms | Circle establishes Cardano USDCx launch, xReserve USDC backing and published mainnet asset identity, but normalized asset identity, full governance/control roles and interface-specific eligibility remain unresolved here. | Unknown after review | Medium | 2026-08-31 |
Exact Asset Identity Governance Mint Burn Controls and Interface Terms
Circle establishes Cardano USDCx launch, xReserve USDC backing and published mainnet asset identity, but normalized asset identity, full governance/control roles and interface-specific eligibility remain unresolved here.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-08-31
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2026-02-27 | USDCx becomes available on Cardano through Circle xReserve | Launch and introduction | Launch | Remained active | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Cardano USDCx decentralized protocolUnknown or not publicly resolved
- Event registry1 connected event recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.