Story from

Developers Can Now Leverage Chainlink CCIP And Circle’s CCTP To Unlock USDC’s Cross-Chain Utility

Today, industry-standard decentralized computing platform Chainlink and global financial technology firm Circle announced Chainlink’s Cross-Chain Interoperability Protocol (CCIP) integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to support the secure and reliable transfer of USDC between blockchains. 

As the web3 industry standard for cross-chain digital asset movement and communication, CCIP achieves the highest level of security by utilizing multiple decentralized networks to execute a single cross-chain transaction and features a separate Risk Management Network that continuously surveils cross-chain functions for erroneous activity.

CCTP is a secure, permissionless, capital efficient protocol for transferring USDC, Circle’s widely used USD-pegged stablecoin, across chains. With CCIP’s integration of CCTP, developers throughout Chainlink’s vast ecosystem can now build cross-chain DeFi applications that unlock new use cases for USDC.

In an official announcement, Chainlink co-founder Sergey Nazarov underscored the role of CCIP’s unique security features in advancing stablecoin adoption through cross-chain utility.   

“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,” he said. “It’s also exciting to see CCIP’s advanced risk management features have such a value-added role to play in how USDC can be sent in a way that complies with various key user requirements.”

Read more about

Have an idea for a story?

If you’re interested in submitting content to be considered for publication, please carefully review the Chainlink Today Content Submission Guidelines to help you get started. We’re excited to hear from you.

Related Stories