Share this article
BTC
$95,205.76
-
0.17%ETH
$1,834.62
+
0.95%USDT
$1.0003
-
0.01%XRP
$2.2924
-
1.14%BNB
$604.09
-
0.62%SOL
$149.03
-
1.78%USDC
$1.0000
-
0.00%DOGE
$0.1793
-
1.34%ADA
$0.7141
-
1.12%TRX
$0.2473
+
0.15%SUI
$3.5413
-
6.86%LINK
$15.11
+
0.90%AVAX
$22.14
-
0.56%XLM
$0.2799
-
2.84%LEO
$8.9820
-
0.26%TON
$3.2566
-
1.80%SHIB
$0.0₄1369
-
1.44%HBAR
$0.1892
-
3.48%BCH
$372.97
+
5.02%LTC
$86.34
-
1.12%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
The integration allows developers to build cross-chain use cases via Chainlink's CCIP that involve multichain transfers of Circle's USDC stablecoin.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to make it easy for users to transfer USDC across chains, according to a press release.
Developers can now build cross-chain use cases via CCIP that involve cross-chain transfers of USDC, including payments and other DeFi interactions, the statement said.
STORY CONTINUES BELOW
“We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases. I’m pleased to see that the defense-in-depth security infrastructure of CCIP, with multiple layers of decentralization, is something highly valued by developers building with USDC,” said Sergey Nazarov, the decentralized oracle network’s co-founder.
The chains included in the integration are Ethereum, Arbitrum, Optimism, Avalanche and Base mainnets, with others to be added in the near future.
Chainlink’s CCIP is a cross-chain communication software that allows users to message and transfer tokens across different blockchains. Circle’s CCTP is an on-chain platform facilitating USDC transfers between chains via burning and minting.
Lyllah Ledesma
Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia. Lyllah holds bitcoin, ether and small amounts of other crypto assets.
