Overview
XDC Network (originally XinFin) was founded by Atul Khekade and Ritesh Kakkad and launched its main network in 2019. It is an Ethereum-compatible blockchain designed for trade finance: the paperwork and payments behind international trade, such as invoices, letters of credit and export financing.
How it works
- XDC uses delegated proof of stake with masternodes; institutions such as Deutsche Telekom, SBI Holdings, Hex Trust and Clear Street run validators.
- Transactions settle in about 2 seconds for a tiny fee.
- XDC supports financial-industry standards and tools for tokenizing trade receivables, invoices and loans.
- Circle’s cross-chain transfer protocol brings native USDC to XDC.
Adoption in 2026
- XDC processed a record 27.7 million transactions in July 2026, and over 1 billion in total.
- In Japan, SBI’s XDC joint venture won a place in an Osaka program testing trade finance with digital corporate identities.
- In Brazil, XDC is part of an industry initiative on tokenized bonds and funds.
- The project reports over $1 billion in tokenized trade receivables and loans, a figure not independently verified.
The XDC token
| XDC at a glance | |
|---|---|
| Total supply | about 38 billion XDC |
| In circulation (Oct 2026) | about 19.9 billion |
| Price (29 Oct 2026) | about $0.033 |
| All-time high | about $0.19 (August 2021) |
| Market cap | about $660 million (#93) |
Risks
- Verification. Several key adoption numbers come from the project or its partners.
- Pilots vs. production. Enterprise trade-finance projects often move slowly.
- Token link. Business use doesn’t automatically create large demand for XDC.
- Supply. Large amounts of XDC can still enter circulation.
XDC vs. the competition
| XDC Network | Stellar | Canton | |
|---|---|---|---|
| Focus | Trade finance, RWAs | Payments, tokenized funds | Institutional finance |
| Notable partners | SBI, Deutsche Telekom | PayPal, Franklin Templeton | Goldman, DTCC |
| Open to everyone | Yes | Yes | Mostly institutions |
Our verdict
XDC has a focused, practical niche and growing activity, with credible institutional partners. But adoption claims are hard to verify, and XDC is about 83% below its peak. XDC is a high-risk bet on trade finance moving on-chain. Invest only what you can afford to lose.
This review is for information only and is not financial advice.