According to CoinDesk, Burnt Banksy has announced the launch of XION's mainnet, which is designed for mainstream adoption and will use USDC, a fully-reserved digital dollar, as its primary transactional currency. The announcement was made during Burnt's exclusive performance in New York, where the founder lit himself on fire and set XION aflame, symbolizing a new light for the crypto industry.

XION is the first blockchain purpose-built for mainstream adoption and the first to use USDC as its primary transactional currency. The launch event took place in Brooklyn on Wednesday, and the news was shared by a representative of Burnt Banksy's performance. The Protocol Village, a regular feature of The Protocol newsletter, covered the event and provided updates on the project.