Cointime

Circle's Cross-Chain Transfer Protocol Enables Seamless USDC Transactions and Unifies Liquidity Across Web3 and DEXs

The recent announcement from Circle about the mainnet availability of their Cross-Chain Transfer Protocol (CCTP) is a significant step towards achieving interoperability across different blockchains. This permissionless protocol enables USD Coin (USDC) to flow natively across supported blockchains, providing an unparalleled level of interoperability, security, liquidity, and simplified user experiences.

The development of the CCTP allows for a highly secure and capital-efficient way to transact with USDC in an increasingly multi-chain environment, and can help unify liquidity around native USDC in Web3 and solve fragmentation issues caused by multiple, unofficial bridged versions of USDC floating around the ecosystem. 

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