Circle partners with Lighter, USDC becomes the default stablecoin on their exchange

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ChainCatcher news, Lighter and Circle have reached a strategic partnership, designating USDC as the default preferred stablecoin across their 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 U.S. dollar infrastructure is becoming a core market infrastructure. Lighter responded that USDC has been the foundational asset of the protocol and its traders since its launch. This cooperation comes as Lighter attempts to regain the market momentum since the token generation event last December, after briefly leading perpetual contract DEX trading volume in November and December last year, but has since fallen 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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