Background: Circle, as a stablecoin issuer, announced that its US dollar-pegged stablecoin USDC has been launched on the XRP Ledger (XRPL), strengthening its partnership with Ripple. Main Event: The launch of USDC enables developers and institutions to easily mint and redeem USDC tokens, leveraging XRPL's fast and secure network to access USDC liquidity. USDC is the industry's second-largest stablecoin, with a market capitalization of 61 billion USD, covering 22 blockchains. Ripple launched its own RLUSD stablecoin last December, with a market capitalization of 412 million USD. Circle's IPO performance was outstanding, having gone public last week on the New York Stock Exchange, raising 1.10 billion USD, surpassing the IPO performances of tech companies such as Meta, Robinhood, and Airbnb. The market is generally optimistic about the passage of the US stablecoin legislation GENIUS Act, viewing it as the key factor behind Circle's IPO success. There were rumors that Ripple had attempted to acquire Circle for at least 5 billion USD but was rejected; Ripple's CEO denied the acquisition plans.