USDC - Cosmos Opens Doors To Circle's Native USDC Through CCTP | Benzinga
Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system.
This is expected to make transfers seamless and benefit USDC's market cap.
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What Happened: September saw USDC's integration with Polygon network, launch on Polkadot network, and expansion on NEAR.
At the Cosmoverse conference, Circle announced that it will implement its cross-chain transfer protocol (CCTP) with a Cosmos-based token protocol, Noble. This marks the first-ever integration with a non-Ethereum Virtual Machine (EVM) chain.
Also Read: Circle Argues Stablecoins Are Not Securities, Files Friend of Court Brief In Binance-SEC Case
With Noble already integrated with the Cosmos Inter-blockchain communication protocol (IBC), CCTP’s functionality will ...