Chainlink integrates with Circle’s CCTP protocol for cross-chain USDC transfers
Quick Take Chainlink has integrated Circle’s cross-chain transfer protocol (CCTP) with its CCIP system. The firm will use CCTP to handle secure USDC stablecoin transfers across different blockchains.
Decentralized oracle project Chainlink LINK -3.69% has integrated Circle’s cross-chain transfer protocol (CCTP) with its own CCIP system , aiming to securely move the USDC -0.38% stablecoin across blockchains.
Chainlink said leveraging both technologies will open up new stablecoin use cases around payments and DeFi. “We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases,” said Sergey Nazarov, co-founder at Chainlink. “I’m pleased to see that the defense-in-depth security infrastructure of CCIP, with multiple layers of decentralization, is highly valued by developers building with USDC.”
Both technologies — with similar-sounding acronyms — are designed to link assets across networks. Yet there are distinctions.
Chainlink’s CCIP is a generalized cross-chain messaging framework that allows developers to transfer data and assets across chains — using a smart contract-based mechanism that's powered by Chainlink oracles.
Meanwhile, Circle – the issuer of USDC — operates CCTP. This is a standardized bridge protocol that lets users make native USDC transfers by burning and minting the stablecoin between supported chains. CCTP is available on seven networks: Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, and Polygon PoS.
Multiple interoperability-focused protocols and bridge projects — such as Celer Network, Li.Fi, and Wormhole — have already integrated Circle’s CCTP. Chainlink is the latest to do so.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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