Circle's USDC Cross-Chain Transfer Protocol (CCTP) will launch on the Ethereum and Avalanche mainnets in Q1

2023-01-23 11:52:51

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ChainCatcher news, according to the official announcement, Circle's USDC Cross-Chain Transfer Protocol (CCTP) will launch on the Ethereum and Avalanche mainnets in the first quarter of 2023, and is currently available on the Ethereum Goerli testnet and Avalanche Fuji testnet. Additionally, CCTP will also launch on Solana and other blockchain networks later this year.

It is reported that the Cross-Chain Transfer Protocol (CCTP) is a permissionless on-chain utility that can burn native USDC on the source chain and mint the same amount of native USDC on the target chain. Developers can embed CCTP into their applications and provide users with the most capital-efficient way to transfer USDC across chains, unifying liquidity across the entire ecosystem and simplifying the user experience. (Source link)

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Circle USDC Avalanche Ethereum

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