Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Press Release » Chainlink partners with Circle to enable cross-chain USDC transactions via CCIP

Chainlink partners with Circle to enable cross-chain USDC transactions via CCIP

Developers can now build secure cross-chain dApps with Chainlink's CCIP to use USDC easily across chains.

Chainlink partners with Circle to enable cross-chain USDC transactions via CCIP

Share this article

Decentralized oracle network Chainlink announced today the integration of Circle’s Cross-Chain Transfer Protocol (CCTP) with its Chainlink Cross-Chain Interoperability Protocol (CCIP), enabling developers to build secure applications that facilitate the transfer of USDC across multiple blockchain networks.

The integration of CCTP within CCIP opens up new possibilities for the use of USDC in seamless cross-chain transfers, payments, and decentralized finance (DeFi) interactions.

Sergey Nazarov, Co-Founder of Chainlink, expressed enthusiasm for the role CCIP’s advanced risk management features will play in meeting key user requirements for USDC transactions.

“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,” stated Chainlink’s co-founder, Sergey Nazarov.

Chainlink’s commitment to security is evident in its Risk Management Network and level-5 security infrastructure, which are designed to monitor and verify cross-chain operations continuously. These measures are critical in an industry that has seen significant losses due to insecure cross-chain infrastructure.

CCTP’s permissionless on-chain utility allows developers to offer users a secure and capital-efficient way to transfer USDC across chains. Chainlink’s large blockchain developer ecosystem can now use both CCIP and CCTP, opening up great potential for building applications that enable smooth USDC transfers across chains.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.