Crypto News – Circle’s Cross-Chain Transfer Protocol (CCTP) has been integrated into Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate USDC transfers between chains for users.
Chainlink and Circle Integration Will Facilitate Cross-Chain Stablecoin Transfers
According to the release, developers can now create cross-chain use cases using CCIP that incorporate cross-chain USDC transfers, including payments and other DeFi transactions.
We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases. I’m pleased to see that the defense-in-depth security infrastructure of CCIP, with multiple layers of decentralization, is something highly valued by developers building with USDC,
Sergey Nazarov, Chainlink co-founder
What are CCIP and CCTP in Brief?
A cross-chain communication tool called Chainlink’s CCIP enables users to send and receive tokens between several blockchains. Circle’s CCTP is an on-chain platform that uses minting and burning to enable USDC transfers between chains.
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