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Circle Profile picture
@circle
Sep 16, 2024 • 1 tweets • 1 min read • Read on X
We’re excited to announce our collaboration with Sony Block Solutions Labs to bring bridged USDC on Soneium via our Bridged USDC Standard! This marks a significant milestone to set the stage for a new era of creativity in the Web3 space.

Read more about the collaboration here:
circle.com/en/pressroom/c…Image

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More from @circle

Circle Profile picture
Oct 8, 2024
🧵 Native $USDC is now live on @SuiNetwork!

Sui is a layer-1 blockchain designed for scalability, speed, and affordability and the first using the Move programming language to support native USDC!

Learn how developers are using USDC in the Sui ecosystem. 👇

circle.com/blog/now-avail…
2/ Powering new use cases with $USDC

✅ Build dollar-backed financial products across DeFi, gaming, DePIN, ecommerce, and more
✅ Create new and innovative DeFi apps
✅ Hold savings in digital dollars without needing a traditional bank account
3/ Understanding native vs bridged

In the case of @SuiNetwork, there also exists a “bridged” form of USDC known as wUSDC, which is USDC that has been bridged from Ethereum through Wormhole.

Bridged USDC (wUSDC) is not issued by Circle and not compatible or redeemable with Circle Mint or Circle APIs.
Read 10 tweets
Circle Profile picture
Mar 26, 2024
1/ All aboard the #CCTP express, Cross-Chain Transfer Protocol is now live on @Solana mainnet!

Developers and their users can now move $USDC securely between 8 blockchains with 1:1 capital efficiency.

Learn more about use cases and our ecosystem partners 👇 Image
2/ #CCTP enables secure $USDC transfers between blockchains via a native burn-and-mint process.

With CCTP, @Solana_devs can build cross-chain onboarding flows by enabling users to deposit USDC directly from @Ethereum and other supported networks.

circle.com/cctp
3/ Now, #CCTP can move $USDC over 56 routes between @Arbitrum, @Avax, @base, @Ethereum, @noble_xyz, @Optimism, @0xPolygon PoS, and @Solana.

With no need to lock up liquidity, CCTP provides a more secure and capital-efficient way to transact with USDC across chains.
Read 21 tweets
Circle Profile picture
Jun 1, 2023
1/ Circle is launching USDC natively on @arbitrum on June 8th!

Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. medium.com/@arbitrumfound…
2/ USDC issued by Circle will be native to Arbitrum and will be considered the official version of USDC for the Arbitrum ecosystem. Over time, native USDC liquidity will grow and replace the currently circulating “bridged USDC” liquidity that comes from Ethereum.
3/ Benefits of Native USDC
✅Fully reserved and always redeemable 1:1 for US dollars
✅Enables institutional on/off-ramps via Circle and other partners
✅Upcoming support by #CCTP to eliminate bridge withdrawal delays
Read 9 tweets
Circle Profile picture
Apr 26, 2023
1/ Today marks a new milestone! Cross-Chain Transfer Protocol (#CCTP) is now on mainnet for @ethereum and @avax. circle.com/en/cross-chain…
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:
Read 17 tweets
Circle Profile picture
Jan 24, 2023
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.
Read 10 tweets
Circle Profile picture
Sep 28, 2022
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 🙌 Image
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 👏
Read 6 tweets

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