Circle launches cross-chain USDC transfer protocol for Ethereu | DeCenter – Blockchain and Bitcoin

Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

Circle, the creator of US Dollar Coin USDC, has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement.

Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges.

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