CCTP allows users to transfer USDC between Ethereum and Avalanche.
The protocol provides a highly secure and efficient way to transact USDC.
Circle, the issuer of the USD Coin, has launched the Cross-Chain Transfer Protocol (CCTP) on the mainnet for Ethereum and Avax, according to an announcement on April 26. The new protocol allows users to transfer USDC between Ethereum (ETH) and Avalanche (AVAX).
1/ Today marks a new milestone! Cross-Chain Transfer Protocol (#CCTP) is now on mainnet for @Ethereum and @Avax. https://t.co/ExIAWywNGt
— Circle (@circle) April 26, 2023
The permissionless protocol allows USDC transfers between blockchains via native burning and minting. Moreover, it delivers an unparallel level of interoperability, liquidity, security, and a simplified user experience. The CCTP provides a highly secure and efficient way to transact with USDC in a developing multi-chain environment. This will avoid the complications and risks of the traditional lock and mint method.
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We współpracy z: https://thenewscrypto.com/circle-launches-cross-chain-transfer-protocol-for-usdc-interoperability/
