Stablecoin issuer Circle has launched its Cross-Chain Transfer Protocol (CCTP) on the mainnet, enabling permissionless transfers of USDC natively across supported blockchains.
With the new transfer protocol, developers can now build applications that support different native versions of USDC. It is now available across seven primary networks in addition to Ethereum: Solana, Avalanche, TRON, Algorand, Stellar, Flow, and Hedera. Crypto infrastructure providers such as Celer, Hyperlane, LayerZero, LI.FI, MetaMask, Multichain, Rarimo, Router, Socket, Wanchain, and Wormhole have already integrated CCTP.
This move from Circle aims to establish an open dollar developer platform for internet-based money transfers. The newly launched CCTP allows USDC to be „teleported” across chains, effectively being destroyed on the source chain and recreated 1:1 on the destination chain, with its U.S. dollar reserves remaining intact.
Recently, Circle CEO Jeremy Allaire has voiced concerns over the growing t
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