According to CoinDesk, on March 7, Burnt Banksy announced the launch of the XION mainnet, which is the first blockchain built specifically for mainstream applications and the first to use USDC, a fully reserved digital dollar, as its primary Blockchain for trading currencies. The news was announced during an exclusive performance by Burnt Banksy in New York, during which the founder lit himself and subsequently XION on fire, symbolizing a new light for the crypto industry.