Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
Summary
Chainlink's Cross-Chain Interoperability Protocol (CCIP) has integrated Circle's Cross-Chain Transfer Protocol (CCTP) to facilitate the transfer of USDC across different blockchains. This integration allows developers to build cross-chain use cases involving USDC transfers, including payments and other DeFi interactions. The integration includes Ethereum, Arbitrum, Optimism, Avalanche and Base mainnets, with more to be added soon. CCIP is a cross-chain communication software that enables users to transfer tokens across different blockchains, while CCTP is an on-chain platform that facilitates USDC transfers between chains through burning and minting.
