WORMHOLE AND CIRCLE INTEGRATE TO LAUNCH CROSS-CHAIN NATIVE USDC TRANSFER

It is reported that Wormhole has officially announced that it has cooperated with Circle, the publisher of the USDC, to launch a new contract integrating the Circle Cross-Chain Transport Protocol (CCTP), enabling developers to write general messages on top of the cross-chain native USDC transmission, and burn and cast the native USDC on the supported chain. Developers can build cross-chain native swap, cross-chain USDC transfer, loan agreement, DEX, revenue aggregator, etc. on this contract. Users can enjoy non-slip transactions and transmit messages without paying gas fees on the target chain. At present, the integration has been launched in the test network.

Wormhole integrated Circle cross-chain transmission protocol

Introduction

Wormhole, a cross-chain bridge protocol, has announced that it has teamed up with Circle, the publisher of the USDC, to introduce a new contract called Circle Cross-Chain Transport Protocol (CCTP). This contract allows developers to create general messages on top of the cross-chain native USDC transmission, and burn and cast the native USDC on the supported chain. This groundbreaking partnership opens up endless possibilities for the development of cross-chain native swaps, cross-chain USDC transfers, loan agreements, DEX, revenue aggregators, and more. Furthermore, users can transact without slip and transmit messages without paying gas fees on the target chain.

Overview of Integration

The integration between Wormhole and Circle enables developers to use Wormhole’s cross-chain bridge protocol to write general messages over cross-chain native USDC transmission. In this way, users can enjoy seamless transactions and transmit messages without having to pay gas fees on the target chain. Through the CCTP, developers can not only create new cross-chain native USDC swaps but also develop more extensive revenue aggregation tools that span different chains.

Benefits of Wormhole and Circle Integration

The partnership between Wormhole and Circle is a massive milestone towards building a more interconnected blockchain ecosystem. It creates opportunities for developers to create cutting-edge applications that operate seamlessly across chains. Some of the benefits of Wormhole and Circle integration include:

Cross-chain Native Swap

The integration between Wormhole and Circle creates an avenue for developers to build cross-chain native swaps, enabling users to perform USDC trades seamlessly regardless of the chain they are transacting on. This means that a user can trade their USDC asset on any chain that supports this integration.

Cross-chain USDC transfer

The CCTP allows developers to create an infrastructure in which users can efficiently transfer USDC across chains. Since users do not need to pay gas fees, they can perform cross-chain digital asset transfers in a cost-effective manner.

Loan Agreements

The integration facilitates the development of lending platforms or loan agreements across different chains. This means that lenders or borrowers can access a vast array of loan options across multiple chains, providing more flexibility and efficiency in their loan transactions.

DEX and Revenue Aggregator

Through Wormhole and Circle integration, developers can conveniently create decentralized exchanges (DEX) and revenue aggregators that span different chains. Users can perform trades without worrying about the technicalities of swapping tokens across various blockchains.

Conclusion

The integration between Wormhole and Circle represents a significant milestone towards building a more interconnected blockchain ecosystem. The partnership enables developers to build cutting-edge tools, including cross-chain native swaps, USDC transfers across different chains, lending protocols, DEX, revenue aggregators, and more. Moreover, users can transact without slip and transmit messages without paying gas fees on the target chain.

FAQ

Q1. How does the Circle Cross-Chain Transport Protocol Improve Cross-Chain Transactions?

The Circle Cross-Chain Transport Protocol enables developers to create general messages on top of the cross-chain native USDC transmission, and burn and cast the native USDC on the supported chain, reducing gas fees on the target chain.

Q2. Can Wormhole and Circle Integration be accessed by developers in various regions?

Yes, the integration is accessible to developers on various platforms globally.

Q3. What are the possibilities of Wormhole and Circle Integration in the Blockchain Ecosystem?

Wormhole and Circle Integration provides endless possibilities for developers to create cutting-edge tools that operate seamlessly across chains, enabling users to transact without limitations.