Burnt, a Web3 foundry, has unveiled the public launch of its testnet for XION, the first layer-1 blockchain to use USDC as its primary transactional currency, encouraging mainstream market adoption.
The company has also disclosed a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm known for issuing USDC.
XION is a Layer-1 blockchain network with a primary focus on redefining the digital asset ecosystem by emphasizing real-world use cases, including private and public communities, membership programs, loyalty programs, and gaming.
What sets XION apart is that it will be the first blockchain to utilize USDC, a digital dollar fully backed by reserves, as its primary transactional currency.
So far, XION has successfully onboarded more than 200,000 active on-chain wallets, generated over two million blocks, and seamlessly processed over one million on-chain transactions, demonstrating its technical capabilities.
XION benefits from a robust network of more than 75 partners, who contribute essential features and ensure a smooth user experience.
CHRGE users can purchase assets using their credit cards thanks to the support of Checkout.com, a leading global payment service provider. For projects on the XION platform, Exodvs serves as an on-chain membership platform, facilitating community building and expansion.
XION’s pioneering implementation of the Fee Abstraction module is enhanced by Osmosis, which improves the user experience with innovative features.
XION relies on a highly reliable and secure consensus framework known as Comet BFT, an inter-chain communication protocol called IBC, and a developer toolkit called Cosmos SDK.
This robust infrastructure, which has been thoroughly tested in real-world scenarios, safeguards over $50 billion worth of assets and handles millions of transactions. It is the preferred choice for many prominent projects in the industry, including Binance Chain (BNB), Crypto.com (CRO), Injective (INJ), and DyDx (DYDX).