2024-03-26 15:15:56 ET
Circle has deployed its Cross-Chain Transfer Protocol (CCTP) on the Solana (SOL) mainnet, allowing users to bridge USD Coin (USDC) across different blockchains.
The CCTP uses the mint & burn mechanism to enhance USDC transfer across various networks.
The latest integration will allow Solana developers to swap USDC assets from EVM-compatible chains, including Ethereum, Arbitrum, Polygon, Optimism, and Base. Further, it will synch with no-EVM platforms.
Multiple Solana ecosystem participants, including Jupiter Exchange, Cube Exchange, Sphere Labs, Wormhole, Mayan Finance, Drift Protocol, and Allbridge, will support CCTP.
On-chain platforms such as CCTP remain vital in the cryptocurrency sector, enhancing communication between blockchains with a smooth transfer of assets.
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