$USDC Cross-Chain Transfer Protocol (CCTP) Live on Arbitrum

$USDC Cross-Chain Transfer Protocol (CCTP) Live on Arbitrum

Circle announced that Cross-Chain Transfer Protocol (CCTP) is now live on Arbitrum, which enables direct transfers of native $USDC among Ethereum, Arbitrum and Avalanche.

CCTP allows $USDC cross-chain transfer through a burn-and-mint mechanism, removing the need to lock up liquidity. Circle has launched native $USDC on Arbitrum on June 8th. Now, the official Arbitrum bridge provides access to the ecosystem apps that support CCTP, including Celer cBridge, Interport Finance, LI.FI, Router Protocol, O3 Swap, WanBridge and Wormhole.

Related: Circle Launches Cross-Chain Transfer Protocol (CCTP) between Ethereum and Avalanche

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Cross-Chain

Arbitrum

Circle

Stablecoins

In This Article

Related News
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
Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
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
7 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open