Circle Delivers USDC Interoperability Across Ecosystems with Mainnet Launch of Cross-Chain Transfer Protocol
BOSTON, April 26, 2023 /PRNewswire/ -- Circle, a global digital financial technology firm and the issuer of USDC and Euro Coin, today announced the mainnet availability of Cross-Chain Transfer Protocol (CCTP) for developers building on Ethereum and Avalanche. The permissionless protocol enables USDC to flow natively across supported chains, delivering an unparalleled level of interoperability, security, liquidity and simplified user experiences.
- The permissionless protocol enables USDC to flow natively across supported chains, delivering an unparalleled level of interoperability, security, liquidity and simplified user experiences.
- Apps that embed CCTP can enable users to "burn and mint" USDC natively, which results in USDC essentially "teleporting" from one blockchain to another.
- Complete the transfer on the destination chain: The app uses the attestation to trigger the minting of USDC.
- "In our pursuit of building the best dollar protocol on the internet, Cross-Chain Transfer Protocol gives USDC native interoperability across Web3," said Joao Reginatto, VP of Product.