USDC Is Being Used for More Than Trading, and Bybit Is Expanding Support on XDC

Core Insights - The article emphasizes the growing importance of convenience and predictability in stablecoin transfers, particularly as they become integral to everyday financial activities [1][4][7] Company Developments - Bybit is enhancing its platform by introducing USDC transfers on the XDC Network, waiving withdrawal fees on XDC for a limited time, and offering a reward pool for new users [2][8] - Other exchanges like BTSE, KuCoin, and Gate.io are also expanding support for XDC, indicating a trend towards more reliable settlement networks [10][11] Industry Trends - The volatility of transfer fees has become a significant concern, with costs for stablecoin transfers fluctuating based on network conditions, impacting users' ability to plan routine payments [5][6] - As stablecoins are increasingly used for payments and business transfers, the infrastructure supporting these transactions must be reliable and cost-effective [12][19] - The XDC Network is positioned as a practical solution for stablecoin transfers, offering quick and low-cost transactions, which is essential for businesses and institutions [14][17] User Behavior - Users are shifting their focus from access to the functionality of stablecoin transfers, prioritizing speed and cost-effectiveness [3][4] - The rising issuance of USDC on XDC, surpassing $200 million, reflects a transition from experimental use to regular activity among users [15] Regulatory Context - Legislative proposals like the GENIUS Act aim to establish clearer rules for stablecoin usage, which could further influence user expectations and behaviors regarding transfers [12][13]