Sun .
22 Dec . 2024
Chainlink and Circle have joined forces to improve USDC transfers.
Chainlink's integration of CCTP opens up new use cases with USDC, such as seamless and secure cross-chain transfers, payments and other DeFi interactions.
Chainlink and Circle have joined forces to enhance the transfer of USDC (USD Coin) across different blockchains.
This partnership will enable seamless and secure cross-chain transfers, payments, and other interactions within the decentralized finance (DeFi) ecosystem.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Circle's Cross-Chain Transfer Protocol (CCTP) will be utilized to streamline the movement of USDC between various crypto networks.
Sara Ras
Chainlink CCIP is a decentralized messaging system that facilitates the transfer of data and crypto assets between blockchains, ensuring secure cross-chain interoperability.
On the other hand, Circle's CCTP is a bridge protocol that enables the seamless transfer of USDC tokens across supported chains through minting and burning.
By integrating CCTP with CCIP, USDC transfers can leverage Chainlink's extensive oracle infrastructure, allowing for simplified and fast movement across a wider range of blockchains and protocols.
This collaboration not only enhances the utility of USDC in DeFi and payment applications but also contributes to the advancement of interchain operability through collaborative innovation within the blockchain community.
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Comments
ZaK.S
Chainlink is a network with a strong structure with proven efficiency, which shines more than before when it enters the Defi field.
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