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Circle-backed Xion rolls out testnet based on 'generalized abstraction'

Quick Take

  • Xion released its testnet focusing on “generalized abstraction” to simplify network use.
  • It previously raised over $11 million from various investors, including Circle Ventures and Animoca Brands.

Xion, a blockchain that uses the USDC stablecoin as its default payment coin, has launched its testnet that focuses on “generalized abstraction,” an infrastructure solution to remove w