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.

209
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.

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.

Chainlink And Circle Integration Will Facilitate Cross-Chain Stablecoin Transfers
Written by
lectertodd

Lectertodd is 27 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.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...