2/ #CCTP removes the need to bridge $USDC via traditional lock-and-mint approaches, improves liquidity across the blockchain ecosystem, and enables developers to provide their users a seamless and secure experience moving USDC natively across chains. circle.com/en/pressroom/c…
3/ We are thrilled to have such a strong community of partners already integrating #CCTP into their products:
4/ @CelerNetwork Celer integrated CCTP into cBridge, a cross-chain bridge and interoperability protocol, and their cBridge developer tools.
7/ @lifiprotocolLI.FI integrated CCTP into Jumper, a cross-chain bridge aggregator, and https://t.co/U1847pf7gO’s interoperability stack for developers.
9/ @MultichainOrg - Multichain integrated CCTP into Multichain Bridge, a cross-chain bridge and decentralized routing infrastructure, and their Multichain developer tools.
11/ @routerprotocol Router integrated CCTP into Voyager, a cross-chain bridge powered by Router’s interoperability protocol, and their Router developer tools.
1/Dev Docs for Cross-Chain Transfer Protocol are officially here 🔥
#CCTP eliminates the need for conventional "lock-and-mint" bridges that fragment liquidity & allows devs to provide users a more capital efficient way to transfer $USDC
So how does it work? 👇
2/ Burn $USDC on the source chain:
User initiates transfer of #USDC through an app from one chain to another, and specifies the recipient wallet address on the destination chain. The app facilitates a burn of USDC on the source chain.
3/ Fetch attestation from Circle:
Circle observes and attests to the burn event on the source chain. The app requests a signed attestation from Circle, which provides authorization to mint the specified amount of #USDC on the destination chain.
1/ Announcement alert at #ConvergeSF22 🚨We are excited to share the news around Circle’s all-new Cross-Chain Transfer Protocol to support USDC interoperability for developers & their users 🙌
2/ Cross-Chain Transfer Protocol is permissionless and enables USDC to be sent natively across ecosystems, improving liquidity and reducing fragmentation of bridged assets 💪
3/ Developers building wallets, bridges, payments apps, financial services tools & more will be able to deliver simple, cross-chain USDC transactions – simplifying the user experience and maximizing capital efficiency 👏
2/ The addition of USDC in these ecosystems makes it even easier for developers to build new apps for users to send, spend, and exchange money around the globe.
3/ Upon launch, developers will be able to use Circle APIs for fiat on/off-ramps to and from USDC in their products, as well as programmable wallets infrastructure.
2/ On the Inclusion track, hear from high-profile speakers like @ChrisBrummerDr of @GeorgetownLaw and Professor @rogercaruth, J.D., Ph.D. of @HowardU on the essential task of catalyzing digital financial literacy around the world
1/ Introducing Verite, an open-source framework for decentralized identity. 🧵👇hubs.li/Q014mQgy0
2/ The Problem
Participating in #DeFi is a challenge for institutions and other entities who need to ensure they’re transacting with counterparties they can trust.
3/ The Solution
Verite is a set of composable identity standards that enables #Web3 developers to create portable, privacy-preserving credentials for KYC, credit scoring, accreditation and more.