#Circle's Cross-Chain Transfer Protocol (CCTP)

[dencyemily]

Circle's CCTP Integrated into Chainlink's CCIP for Efficient USDC Transfers

Chainlink's recent announcement of the successful integration of Circle's Cross-Chain Transfer Protocol (CCTP) into Chainlink's Cross-Chain Interoperability Protocol (CCIP) signifies a notable advancement in the realm of cross-chain transfers. This collaboration is designed to facilitate smooth and efficient transfers of USDC across diverse blockchain networks, addressing challenges and improving user convenience.

The market response to this integration is reflected in the positive movement of Chainlink's native token LINK. With a current value of $15.87, LINK has experienced a 5.32% increase in the past day and a substantial 15.91% surge over the last week. Despite potential market fluctuations, the prevailing trend indicates optimism and positive momentum.

Analysts, such as Altcoin Sherpa, highlight key resistance around $16.400 for LINK, a level where previous peaks were observed. However, recent price action, including surpassing the 50 and 100-period Exponential Moving Averages (EMAs), suggests a bullish sentiment in the short term. The placement of the 200-period EMA below the current price further supports this positive outlook.

The integration of Circle's CCTP into Chainlink's CCIP not only enhances cross-chain functionality but also contributes to the positive trajectory in LINK's price. Analysts anticipate a steady ascent rather than abrupt returns, considering the current market cap. Chainlink enthusiasts remain confident in the project's resilience and foresee a compelling trajectory throughout 2024.

[fabiopempy]

Circle Rolls Out CCTP V2 On Solana, Enabling Fast, Secure Cross-Chain USDC Transfers

Payments infrastructure provider and USDC stablecoin issuer Circle announced the launch of Cross-Chain Transfer Protocol Version 2 (CCTP V2) on the Solana blockchain, extending its stablecoin infrastructure across additional networks.  This integration enables fast cross-chain USDC transfers, with settlement occurring within seconds. It also introduces support for smart contract hooks

Read More: You won't believe what happens next... Click here!

[truthblockchain]

Decentral Identity Company Partners With Stable Coin Company

Digital identity company World has expanded its partnership with stablecoin issuer Circle.

The company announced Wednesday (June 11) that Circle’s USDC and CCTP V2 (Cross-Chain Transfer Protocol) had gone live on World Chain.

“If you’re saying to yourself, ‘I thought USDC was already on World,’ you’ve actually hit upon the ‘so what’ of all this,” World said in its announcement.

“Almost two million humans on World already held bridged USDC in their World App wallets. It’s now upgraded to native USDC issued directly by Circle. World is uniquely globally distributed with over 27 million users in over 160 countries.”

But now, Circle has converted all existing bridged USDC held on World Chain to native USDC, meaning it is now 100% backed by “highly liquid cash and cash-equivalent assets,” the company said.

“This automatic upgrade makes it the regulated digital dollar that’s trusted globally by users and developers today,” World added.

https://www.pymnts.com/cryptocurrency/2025/circles-native-usdc-goes-live-on-worlds-blockchain/

[10bmnews]

World Chain and Circle join forces to strengthen identity-driven finance with native USDC

World Chain has integrated native USD Coin (USDC) and Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2), marking a significant partnership between the biometric identity blockchain and one of the largest regulated stablecoin issuers in the world. The upgrade replaces bridged USDC with native issuance on World Chain, while retaining the same smart contract address, allowing existing users and…

[12sknnews]

World Chain and Circle join forces to strengthen identity-driven finance with native USDC

World Chain has integrated native USD Coin (USDC) and Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2), marking a significant partnership between the biometric identity blockchain and one of the largest regulated stablecoin issuers in the world. The upgrade replaces bridged USDC with native issuance on World Chain, while retaining the same smart contract address, allowing existing users and…

[coinatory]

With a major update to its Cross-Chain Transfer Protocol (CCTP), Circle has significantly shortened the USDC transaction settlement time to just a few seconds. Developers can now take advantage of Fast Transfer and Hooks, two essential aspects of CCTP v2 that are intended to improve cross-chain liquidity and transaction efficiency. Regardless of the original blockchain, the USDC settlement tim... cryptocurrency news today

[bitcoinmasterhub]

Circle's CCTP V2 Boosts USDC Transfers: Near-Instant Settlements Across Blockchains

Circle has launched CCTP V2, an upgraded version of its Cross-Chain Transfer Protocol, streamlining USDC transfers across blockchains. This enhancement significantly reduces transaction times to mere seconds, a substantial improvement from the previous 13-19 minutes typically seen on Ethereum and its Layer 2 networks. Introduced in 2023, CCTP facilitates digital asset movement between blockchains…

[hashquest]

クロスチェーン転送プロトコル (CCTP) | Circle

[thenewsart]

Chainlink Integrates Circle's CCTP For Secure Cross-Chain USDC Transfers

Decentralized oracle project Chainlink has recently incorporated Circle’s cross-chain transfer protocol (CCTP) into its own Chainlink Cross-Chain Interoperability Protocol (CCIP) system. The integration aims to enable the “secure transfer” of Circle’s USDC stablecoin across different blockchains.  Chainlink’s Integration Of CCTP According to a press release, the integration of CCTP expands the…

[dencyemily]

Strategic Collaboration: Chainlink and Circle Forge Partnership for Inter-Chain USDC Transactions

The recent collaboration between Chainlink and Circle heralds a new era in the cryptocurrency realm, focused on unlocking the full potential of digital assets. The partnership's primary objective is to revolutionize inter-chain transactions, particularly those involving USDC, a stablecoin of considerable prominence. By combining Chainlink's Cross-Chain Interoperability Protocol (CCIP) with Circle's Cross-Chain Transfer Protocol (CCTP), developers now possess the tools to seamlessly integrate USDC payments and transfers across diverse blockchain networks.

The collaborative effort is not merely a technical advancement but a strategic move towards enhancing user experience within the broader cryptocurrency ecosystem. Esteemed blockchain figure Lark Davis underscores the importance of this initiative, emphasizing its role in fostering efficiency and fluidity in handling USDC on different platforms. Beyond technological implications, this collaboration marks a significant stride towards greater financial inclusion and accessibility in the digital asset space.

Market dynamics reflect a positive response to these developments, with Chainlink's native token, $LINK, demonstrating resilience. Priced at $15.71 and exhibiting a 0.92% increase in the last 24 hours, $LINK's market cap has surged to approximately $8.92 billion. The robust trading volume of $325.6 million over the past day attests to the vibrancy of market activity surrounding this collaborative venture.

Renowned blockchain analyst Michaël van de Poppe's technical analysis further bolsters the optimistic outlook. Examining the $LINK token against Bitcoin ($BTC), the analysis reveals a pattern of higher highs and lows, coupled with consistent support at key levels. This pattern suggests a potential breakout, with market analysts forecasting a price surge to $25-30 in the ensuing months.

The positivity surrounding this collaboration is not unfounded speculation but grounded in the fundamental value that Chainlink brings to the table. As a vital component of modern blockchain applications, Chainlink's oracle network provides reliable and tamper-proof data for smart contracts. The collaboration with Circle not only enhances Chainlink's utility but also positions it as a stalwart player in the competitive cryptocurrency landscape.

In essence, the synergy between Chainlink and Circle represents an unleashing of potential in the crypto ecosystem. Beyond facilitating seamless transactions, this collaboration sets the stage for a more interconnected and efficient blockchain landscape, underscoring the transformative power of strategic partnerships in the rapidly evolving world of digital assets.

[kingsleymyra]

Digifinex Labs: Circle Launches Native USDC Minting on Cosmos Mainnet Noble

Noble now joins other platforms like Arbitrum, Avalanche, Base, Ethereum, and Optimism, allowing for the native minting of USDC through the CCTP. Currently, the CCTP is in the testing phase on Solana’s testnet.

This cross-chain protocol by Circle allows users to generate Noble USDC, which can be seamlessly transferred to various Cosmos applications such as Osmosis or dYdX. The total supply of Noble USDC has already surpassed $20 million, as reported by MintScan.

Utilizing a burn-and-mint mechanism, the CCTP facilitates the direct creation of USDC across diverse blockchains. In this process, USDC is withdrawn from circulation on the source chain (burned) and then reissued (minted) on the destination chain, authenticated by Circle’s system verification (attestation).

This approach, focused on direct asset transfer, offers an alternative to token bridging, eliminating the need for locked assets in exchange for equivalent wrapped tokens on another chain. The burn-and-mint method has gained favor, particularly due to security concerns associated with token bridging and high-profile hacks.

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[dicasdecripto]

O Cross-Chain Transfer Protocol (CCTP) da Circle, um programa on-chain que facilita a transferência da stablecoin USDC indexada ao dólar dos EUA entre blockchains suportadas sem a necessidade de uma ponte de custódia, será lançado no host da Noble no final deste mês. facilitar a troca de usuário.

Lançado em março de 2023, Noble é um blockchain específico para aplicativos construído dentro do ecossistema Cosmos.

O CCTP permite que os usuários migrem USDC entre blockchains em qualquer cadeia que suporte CCTP. De acordo com o comunicado de imprensa, as cadeias atualmente suportadas são Arbitrum, Base, Ethereum e Optimism.

Esta infraestrutura permite a integração simples por empresas como a bolsa descentralizada dYdX, que lançou recentemente a sua cadeia autónoma “v4” utilizando a tecnologia Cosmos, bem como outras partes do ecossistema Cosmos (ATOM). DYdX (DYDX) disse em nota à CoinDesk que a configuração padrão de sua cadeia usa USDC como garantia.

O CCTP está atualmente disponível na testnet Noble e será lançado na mainnet em 28 de novembro.

“O que é importante aqui é que queremos migrar grandes quantidades de liquidez em USDC para o Cosmos usando este novo mecanismo de ponte sem custódia”, disse Jelena Djuric, CEO e cofundadora da Noble. “DYdX está em uma posição única para ser o primeiro CCTP A usuário avançado porque tem um produto v3 no Ethereum e alcançou US$ 1 bilhão em volume de transações diárias, líder do setor.”

Atualmente, 16 milhões de USDC são cunhados na Noble, e a emissão total de USDC é de 24 bilhões. As cadeias apoiadas por CCTP detêm coletivamente aproximadamente US$ 22,6 bilhões em liquidez em USDC, com a dYdX detendo mais de US$ 1 bilhão em sua cadeia Ethereum.

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[ailtrahq]

Crypto lending firm Compound has announced that its borrowing and lending protocol is now live on Base, the Layer 2 solution developed by Coinbase. Compound currently has a USDC bridge and an ETH Market on Base and is working towards expanding its base protocol towards other interoperability segments. Notably, the protocol also launched Arbitrum’s native USDC Market on Market=USDC-arb">the Compound app. This enables users to transfer USDC from Arbitrum’s Market to other chains (via Circle’s cross-chain transfer protocol, or CCTP), without needing an Ethereum bridge.   The native USDC Market on @arbitrum is live on Compound.Users can transfer native USDC from the Arbitrum Market to different chains via @circle Cross-Chain Transfer Protocol (CCTP), without needing to bridge back to Ethereum.View the new Market: — Compound Labs (@compoundfinance) September 6, 2023   Core changes that come with the launch on Base are explained briefly in a blog post by the platform: "ETH and CBETH can be used as collateral to borrow bridged USDC, or CBETH to borrow ETH in each respective Market."  The bridged USDC Arbitrum Market will continue to operate while Arbitrum develops its native migration solution. Compound's progressive web app also added a few Updates to its dashboard as it now shows net Interest rates; hovering over APR (annual percentage rates) in the dashboard also reveals how the net rates are calculated. For example, pairing USDC and Ethereum, one gets 2.00% Net Borrow APR when 1.94% interest (protocol distributed in $COMP) is subtracted from 3.94% interest (paid to suppliers in $USDC). Compound Labs, the firm behind the DeFi protocol, has been around since 2018 and has been a consistently leading protocol for borrowing and lending. It has also extended its services to institutional clients and has since developed integration with the latest frameworks in DeFi. Compound stands out as a borrowing-lending platform in that you can earn Interest from its own native token COMP. Perhaps notably (compared to most other players in the DeFi sector), Compound requires no minimum deposits and there is a high potential for high compound interests. What’s more, getting started is quite simple because there are no KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to worry about; Compound has its own protocols for those, which are also kept under tight regulatory frameworks with full auditing for the platform's backend. The only catch is that, in order to maximize the protocol's yield efficiency, an ostensibly steep learning curve is required for lending and borrowing, as well as for the use of COMP for other purposes from within its ecosystem.

[earningpill]

Circle's Cross-Chain Transfer Protocol Hits Mainnet for USDC Transfers

Fintech firm Circle announced the mainnet availability of Cross-Chain Transfer Protocol (CCTP) for developers building on Ethereum and Avalanche networks. The protocol will essentially allow USDC to flow natively across supported chains by burning the native stablecoin on a source chain and minting the same amount on a destination chain. The “burn and mint” process results in USDC “teleporting”…

[etiennekissborlase]

Circle USDC Hits New Milestone With CCTP Launch On Ethereum And Avalanche

Circle USDC Hits New Milestone With CCTP Launch On Ethereum And Avalanche https://bitcoinist.com/circle-usdc-hits-new-milestone-cctp-launch-ethereum/ USDC stablecoin is on the bright side of the news spectrum today, April 26, as the founding company Circle hits a significant milestone with the launch of its cross-chain transfer protocol (CCTP) on Ethereum and Avalanche. The announcement, which was made on Circle’s official social media, will mark a new dawn of interoperability across blockchain ecosystems. That said, what is the Circle cross-chain transfer protocol? Are there grounds for the hype behind this announcement? Everything To Know About Circle USDC Cross-Chain Transfer Protocol Circle’s official website defines the cross-chain transfer protocol as a permissionless on-chain utility and service that facilitates stablecoin transfers between blockchains via two mechanisms, burning and minting of this digital asset.  Circle’s cross-chain transfer utility protocol is packed with robust solutions that address liquidity fragmentation issues and poor user experiences linked to unofficial USDC bridged versions on different blockchain ecosystems. Before the launch of the CCTP on the mainnet, Avalanche users looking to move out their stored USDC on Ethereum had to utilize an unofficial or third-party bridge to transfer the stablecoin between networks. With the launch of the cross-chain transfer protocol, Ethereum and Avalanche users can now fully leverage Circle’s stablecoin and become less reliant on unofficial and potentially insecure third-party bridges and services. Circle’s new development and innovation will unify its stablecoin liquidity in Web3 and support simple and secure user payment transactions. It will also connect and unite blockchain networks, pushing blockchains’ interoperability further. Leveraging Circle’s Cross-Chain Transfer Protocol- How It Works On April 13, 2023, the Circle team released a demo video on the official youtube platform page, demonstrating to users and the public how the transfer protocol works.  The Youtube demonstration video shows that the cross-chain transfer protocol first burns, then issues tokens, unlike third-party bridges, which often lock funds on a blockchain and release them on another. This method has been effective but insecure in the past few years.  In leveraging Circle’s cross-chain transfer protocol, users must initiate a USDC transfer through an integrated platform or wallet, such as Metamask. Next, the user specifies the wallet address on the destination chain, after which the portal/bridge burns the stablecoin on the source chain. Circle then certifies the burn event on the source chain and provides burn certification and authorization to the decentralized application to mint the amount of USDC on the destination chain. After this, the destination chain sends the stablecoin to the recipient. The VP of Product for Circle, Joao Reginatto, made a blog post stating that Circle’s cross-chain protocol is the “most ambitious piece of neutral market infrastructure.” Joao further said that ecosystem and infrastructure developers had shown support by integrating the CCTP into their platform operations. Some notable platforms integrating the CCTP include Metamask, Celer Network, LayerZero, Multichain, and Wanchain.  Chart from Tradingview via Bitcoinist.com https://bitcoinist.com April 27, 2023 at 02:00AM