BASE - USDC Transcends Borders: Cross-Chain Transfer Protocol Unleashes A Borderless Blockchain Era | Benzinga
Stablecoin issuer Circle announced the integration of its USD Coin (CRYPTO: USDC) with the Cosmos (CRYPTO: ATOM) ecosystem through the newly launched Cross-Chain Transfer Protocol (CCTP).
The protocol was now live on Noble mainnet, marking a step in facilitating cryptocurrency transactions across various blockchain networks.
CCTP enables transfers of USDC between blockchains using a native burn-and-mint process.
This technology allows for programmatic, 1:1 cross-chain transfers of USDC with zero slippage, meaning users can move large sums such as $1 million USDC from Ethereum to Noble to dYdX Chain in a single click.
The implementation of CCTP on Noble mainnet has Cosmos appchains use both CCTP and Inter-Blockchain Communication (IBC) ...