Gate Enables USDCx Deposits And Withdrawals On Canton Network And Launches $150,000 CC Incentive Campaign
In Brief
Gate enabled USDCx deposits and withdrawals on Canton Network and launched $150,000 in CC rewards to boost liquidity, stablecoin adoption, and multi-chain ecosystem participation.
Cryptocurrency exchange Gate announced that it has enabled deposits and withdrawals for USDCx on the Canton Network, expanding support for multi-chain stablecoin infrastructure and providing users with access to USDCx for trading and asset management activities on the platform.
Alongside the integration, the exchange introduced several ecosystem incentive programmes tied to the Canton Network ecosystem token CC. The campaigns include CandyDrop, a USDCx Deposit Challenge, and Simple Earn products, with a combined reward pool valued at approximately $150,000 in CC tokens. According to the company, the initiatives are intended to increase liquidity and user participation within the Canton ecosystem while strengthening support for interoperable stablecoin networks.
Publicly available information describes USDCx as a native stablecoin issued on Canton Network and backed one-to-one by USDC reserves. The reserves are held through the Circle xReserve smart contract structure. As a stablecoin operating under the Canton CIP-56 standard, USDCx is designed to support interoperability and composability across applications, wallets, digital assets, and trading environments within the Canton ecosystem, while also incorporating privacy-focused features.
The Canton Foundation, an independent nonprofit organization responsible for governance coordination and open-source infrastructure development for Canton Network, has focused on promoting transparent collaboration, network reliability, and institutional-grade blockchain infrastructure.
Gate Expands Incentive Programs And Wealth Products Around Canton Ecosystem Integration
In order to support the rollout of USDCx services, Gate also launched additional promotional initiatives centered around CC trading activity and ecosystem participation. The CandyDrop campaign includes rewards linked to CC spot trading and first-trade tasks, with a reward allocation of 396,360 CC tokens, valued at roughly $50,000. The company also confirmed the launch of the USDCx Deposit Challenge, under which users completing USDCx deposits through Canton Network can share approximately $50,000 worth of CC rewards.
In addition, Gate expanded its wealth management offerings through the introduction of fixed-term Simple Earn products tied to CC. The 30-day product offers an annual percentage yield of 20% with a maximum allocation of 450,000 CC, while the 60-day product offers 30% APY with a maximum allocation of 150,000 CC. According to the platform, the maximum reward available to an individual participant is capped at the equivalent of 1,000 USDT in tokens.
Gate said the latest integration forms part of its broader strategy to expand support for multi-chain assets, stablecoin ecosystems, and blockchain-based financial infrastructure. The company stated that the addition of USDCx deposits and withdrawals, combined with ecosystem incentive campaigns linked to CC, is aimed at improving liquidity and increasing adoption within the Canton ecosystem while supporting the development of interoperable digital asset infrastructure and institutional on-chain finance.
The exchange added that it plans to continue expanding partnerships with blockchain ecosystems and digital asset projects in order to introduce additional products, assets, and use cases to its global user base.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
