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CDS Crypto News Chainlink and Circle Integration Will Facilitate Cross-Chain Stablecoin Transfers

Crypto News

Chainlink and Circle Integration Will Facilitate Cross-Chain Stablecoin Transfers

Developers can create cross-chain use cases, including multichain transfers of USDC stablecoin via CCIP due to the interaction between Chainlink and Circle.

lectertodd16/01/20241 Mins read399

Chainlink And Circle Integration Will Facilitate Cross-Chain Stablecoin Transfers

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.

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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.

Sources:coindesk

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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