Cardano has introduced infrastructure to support the USDCx stablecoin, a significant development in the blockchain ecosystem, particularly during a period marked by a slowdown in decentralized finance (DeFi) activities and a noticeable decline in total value locked (TVL) across various platforms. This strategic addition aims to enhance the usability and liquidity of stablecoin transactions on the Cardano network, providing users with more options and fostering confidence among investors, even as the DeFi sector faces challenges and adjusts to shifting market dynamics.
source: https://blocknews.com/cardano-adds-usdcx-stablecoin-infrastructure-amid-cooling-defi-and-tvl-decline/