Lighter and Circle have partnered to make USDC the preferred stablecoin

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Golden Finance reports that on May 6th, Lighter and Circle reached a strategic partnership, designating USDC as the default preferred stablecoin across its entire product line, covering spot and perpetual contract trading, settlement, clearing, and user onboarding processes.
Circle posted on X on Tuesday stating that as on-chain markets expand, trusted dollar infrastructure is becoming a core market infrastructure. Lighter responded that USDC has been the foundational asset for the protocol and its traders since the day it launched.
This cooperation comes as Lighter attempts to regain market momentum since the token generation event in December last year, after briefly leading perpetual contract DEX trading volume in November and December, but then falling behind Hyperliquid, Aster, and EdgeX.
According to DefiLlama data, Lighter currently ranks fourth with approximately $8.7 billion in 7-day perpetual contract trading volume.

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