Celer cBridge Integrates with Circle's Cross-Chain Transfer Protocol

Blockchain interoperability protocol Celer announced its cross-chain payment network cBridge is integrating with Circle's $USDC Cross-Chain Transfer Protocol, and is supporting $USDC transfers across the Goerli testnet and Avalanche testnet.

Circle announced the launch of Cross-Chain Transfer Protocol in September, which aims to allow users and developers to send and transact in $USDC natively across different blockchains. Using Cross-Chain Transfer Protocol, when a user initiates a sending of $USDC from one chain to another, the $USDC on the source chain will be sent to a smart contract and be burned, not locked. Then the same amount of $USDC will be minted natively on the destination chain.

Cross-Chain Transfer Protocol will be launched in January 2023. When it's live on cBridge mainnet, users will be able to transfer $USDC natively between Ethereum and Avalanche.

Source

Stablecoins

Circle

Cross-Chain

In This Article

Related News
Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030 Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem Omni Network launches 'Core' mainnet to unify Ethereum's fragmented rollup ecosystem
Total stablecoin market cap tops $200 billion as onchain lending yields surge Total stablecoin market cap tops $200 billion as onchain lending yields surge
Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach
Latest News More More
19 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
3 Days Ago USDC closes in on $61 billion as institutional demand outpaces USDT growth
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open