Circle Cross Chain Transfer Protocol (CCTP) now live on Arbitrum
The CCTP protocol is a permissionless on-chain utility that facilitates USDC transfers between blockchains via native burning and minting. The tool was designed to make transacting in USDC easy while exposing it to more ecosystems to bolster its liquidity across the board.While simplicity and ease of use remains at the forefront of the design of the CCTP protocol that is now live on Arbitrum, there are other associated perks.
The ability of users to move USDC across any chain remains a viable way to harness capital across the board. Despite the CCTP being built to make life easy for end users, it was also created as a low-level primitive for developers to leverage and extend. The CCTP works with MetaMask and supports a host of bridges, including Interport, Wormhole and wanchain, among others.Driving USDC interoperability
In a bid to serve its existing users and also to expand its influence in the Web3.0 ecosystem, the USDC stablecoin has been inking new partnerships that are aimed at bolstering the interoperability of the token.
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