Chainlink announced it has integrated Circle's cross-chain transfer protocol (CCTP) with its own CCIP system, aiming to securely move the USDC stablecoin across chains.
Chainlink said leveraging both technologies will open up new stablecoin use cases around payments and DeFi. “We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases,” said Sergey Nazarov, co-founder at Chainlink.
Chainlink’s CCIP is a generalized cross-chain messaging framework that allows developers to transfer data and assets across chains — using a smart contract-based mechanism that's powered by Chainlink oracles.
Meanwhile, Circle — the issuer of USDC — operates CCTP. This is a standardized bridge protocol that lets users make native USDC transfers by burning and minting the stablecoin between supported chains.
Cross-Chain
Circle
