CCTP

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

 BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

Chainlink CCIP Integrates Circle's CCTP to Support Cross-Chain USDC Transfers

Retrieved on: 
Tuesday, January 16, 2024
Transfer, Entrepreneurship, Risk management, Circle, Decentralized finance, SAN, SSH File Transfer Protocol, CCIP, USDC, CCTP, Chain-link fencing, Cryptocurrency

SAN FRANCISCO, Jan. 16, 2024 /PRNewswire/ -- Chainlink, the industry-standard decentralized computing platform, announced today that the Chainlink Cross-Chain Interoperability Protocol (CCIP)—the industry standard for secure cross-chain interoperability— has integrated Circle's Cross-Chain Transfer Protocol (CCTP) to provide users with a secure and reliable way to transfer USDC across chains. Developers can now start building secure cross-chain applications using Chainlink CCIP to utilize USDC across the multi-chain ecosystem.

Key Points: 
  • Developers can now start building secure cross-chain applications using Chainlink CCIP to utilize USDC across the multi-chain ecosystem.
  • Our integration of CCTP opens up new use cases with USDC, such as seamless and secure cross-chain transfers, payments and other DeFi interactions for protocols building with Chainlink CCIP.
  • CCTP is a permissionless on-chain utility that enables developers to provide users with a secure and capital-efficient way to transfer USDC across chains.
  • Chainlink's expansive blockchain developer ecosystem can now leverage CCIP and CCTP to build applications that support the seamless transfer of USDC across chains.

Welcome to the Era of Open Money: Circle Launches 2024 State of the USDC Economy Report

Retrieved on: 
Monday, January 15, 2024
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Internet, Digital Cash Management, Digital Assets, Transfer, Multimedia, Grab, Policy, Safety, USDC, MoneyGram, FIS, CCTP, Friction, PDF, Visa

Circle , a global financial technology firm and the issuer of the leading regulated stablecoin, USDC , is proud to unveil its second annual State of the USDC Economy Report , entitled ‘Welcome to the Era of Open Money.’

Key Points: 
  • Circle , a global financial technology firm and the issuer of the leading regulated stablecoin, USDC , is proud to unveil its second annual State of the USDC Economy Report , entitled ‘Welcome to the Era of Open Money.’
    This press release features multimedia.
  • Circle facilitated more than $197 billion of transfers between the banking system and blockchain networks through minting and redeeming in 2023.
  • “While we are still in the early stages of this mission, this year’s State of the USDC Economy Report details a set of unequivocal indicators for growing momentum.
  • This year's report is viewable for public access via a dynamic landing page interface , and also downloadable in PDF format.

OKX Launches 'CCTP Cryptopedia Campaign' with 50,000 USDC Reward Pool

Retrieved on: 
Tuesday, January 16, 2024
Transfer, Ethereum, Web3, SSH File Transfer Protocol, USDC, CCTP, OKX, Cryptocurrency

The 'CCTP Cryptopedia Campaign' follows the launch of OKX DEX's new USDC cross-chain bridge on September 7 , 2023.

Key Points: 
  • The 'CCTP Cryptopedia Campaign' follows the launch of OKX DEX's new USDC cross-chain bridge on September 7 , 2023.
  • OKX DEX is one of the first decentralized exchange aggregators to offer cutting-edge cross-chain USDC swap capability with Circle's CCTP across these four blockchains.
  • To participate in the 'CCTP Cryptopedia Campaign,' users can access OKX Wallet's Discover page within the OKX app, select Cryptopedia, OKX's learn-to-earn crypto education platform, and complete the 'quest' of performing a cross-chain USDC swap with 'Circle' selected as the trading route.
  • With this campaign, we aim to encourage more users to experience seamless USDC swaps across different blockchains on OKX DEX.

OKX Launches 'CCTP Cryptopedia Campaign' with 50,000 USDC Reward Pool

Retrieved on: 
Tuesday, January 16, 2024
Transfer, Ethereum, Web3, SSH File Transfer Protocol, USDC, CCTP, OKX, Cryptocurrency

The 'CCTP Cryptopedia Campaign' follows the launch of OKX DEX's new USDC cross-chain bridge on September 7 , 2023.

Key Points: 
  • The 'CCTP Cryptopedia Campaign' follows the launch of OKX DEX's new USDC cross-chain bridge on September 7 , 2023.
  • OKX DEX is one of the first decentralized exchange aggregators to offer cutting-edge cross-chain USDC swap capability with Circle's CCTP across these four blockchains.
  • To participate in the 'CCTP Cryptopedia Campaign,' users can access OKX Wallet's Discover page within the OKX app, select Cryptopedia, OKX's learn-to-earn crypto education platform, and complete the 'quest' of performing a cross-chain USDC swap with 'Circle' selected as the trading route.
  • With this campaign, we aim to encourage more users to experience seamless USDC swaps across different blockchains on OKX DEX.

Ondo Finance and Axelar Integrate for Cross-Chain Tokenized Secure Notes

Retrieved on: 
Monday, November 13, 2023
Software, Mobile, Wireless, Networks, Professional Services, Blockchain, Fintech, Data Management, Technology, Digital Cash Management, Digital Assets, Security, Web3, Finance, Transfer, Treasury, United States Treasury security, USDC, Ecosystem, Movement, Partnership, Elis James, Circle, Microsoft, Cryptocurrency, TVL, CCTP, Mantle, Squid

Ondo Finance, the leading issuer of tokenized secure notes and on-chain Treasuries, joins forces with Axelar, the leading Web3 interoperability platform, to introduce Ondo Bridge, an innovative cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP).

Key Points: 
  • Ondo Finance, the leading issuer of tokenized secure notes and on-chain Treasuries, joins forces with Axelar, the leading Web3 interoperability platform, to introduce Ondo Bridge, an innovative cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP).
  • The Ondo Bridge simplifies the movement of Ondo Tokens such as the yield-bearing stablecoin USDY across blockchain networks for a seamless user experience.
  • Ondo Bridge goes beyond the wrapped assets used by traditional bridges, supporting issuance of native tokens including Ondo's USDY across blockchain networks supported by Axelar.
  • The partnership between Ondo Finance and Axelar signifies a significant milestone in the world of tokenized RWAs.

OKX Publishes 13th Consecutive Proof of Reserves (PoR) with USD14.5 Billion in Primary Assets, Over 1m Users View Reserves

Retrieved on: 
Wednesday, November 29, 2023
Transfer, ETH, McLaren F1, Privacy, USDC, Trust, CCTP, Wolf, SSH File Transfer Protocol, OKX, Por, BTC, Publishing, USDT, McLaren, Cryptocurrency, Knowledge, Circle

Since the launch of OKX's PoR program in late 2022, over one million users have viewed the reserves data or verified that their assets are backed 1:1.

Key Points: 
  • Since the launch of OKX's PoR program in late 2022, over one million users have viewed the reserves data or verified that their assets are backed 1:1.
  • This is the 13th consecutive month that OKX has maintained a reserve ratio of 100% or higher for each of these assets.
  • On September 7, OKX and Circle jointly announced the introduction of advanced USDC features on the OKX Wallet and OKX DEX aggregator.
  • This recognition reflects OKX's continuous commitment to enhancing its Proof of Reserves (PoR) program and ensuring transparency and user trust in the exchange.

OKX Publishes 13th Consecutive Proof of Reserves (PoR) with USD14.5 Billion in Primary Assets, Over 1m Users View Reserves

Retrieved on: 
Wednesday, November 29, 2023
Transfer, ETH, McLaren F1, Privacy, USDC, Trust, CCTP, Wolf, SSH File Transfer Protocol, OKX, Por, BTC, Publishing, USDT, McLaren, Cryptocurrency, Knowledge, Circle

This is the 13th consecutive month that OKX has maintained a reserve ratio of 100% or higher for each of these assets.

Key Points: 
  • This is the 13th consecutive month that OKX has maintained a reserve ratio of 100% or higher for each of these assets.
  • On September 7, OKX and Circle jointly announced the introduction of advanced USDC features on the OKX Wallet and OKX DEX aggregator.
  • Last month, OKX celebrated the one-year anniversary of its PoR program and released a video advocating for Proof of Reserves as an industry standard.
  • Users can view OKX's latest PoR report, reserve ratios and verify the exchange's solvency here .

OKX and Circle Jointly Announce Leading-Edge USDC Experience on OKX Wallet and OKX DEX Aggregator

Retrieved on: 
Thursday, September 7, 2023
Transfer, Web3, USDC, Decentralized finance, Avalanche, SAN, OKX, SSH File Transfer Protocol, CCTP, Cryptocurrency, Ethereum, Circle

OKX and Circle are enabling USDC transactions without network fees and integrating the OKX DEX aggregator with Circle's Cross-Chain Transfer Protocol (CCTP).

Key Points: 
  • OKX and Circle are enabling USDC transactions without network fees and integrating the OKX DEX aggregator with Circle's Cross-Chain Transfer Protocol (CCTP).
  • The 'USDC Zero Network Fee Campaign' enables OKX Wallet's Smart Account users to conduct USDC transactions without network fees from September 7 to October 5, 2023, with further details available here .
  • The integration of the OKX DEX aggregator with Circle's CCTP, a permissionless on-chain utility that enables USDC to move natively between blockchains, provides a more streamlined experience for users trading USDC pairs.
  • As new CCTP routes become available, the OKX DEX aggregator is expected to support additional blockchains for USDC cross-chain functionality.