<\/p>\n
Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native cross-chain transfers of the USDC stablecoin.<\/p>\n
On Friday, Circle\u2019s USDC X account said<\/a> the bridge allows users to move the USDC (USDC<\/a>) stablecoin in a \u201cpredictable, transparent way,\u201d citing a native burn-and-mint transfer mechanism and no bridge complexities.<\/p>\n Gas fees will be handled automatically, fees will be shown upfront, and live status updates will be provided throughout the transfer, Circle added.<\/p>\n The USDC Bridge builds on Circle\u2019s CCTP, which was introduced in April 2023 and facilitates hundreds of millions of stablecoin transfers each day. <\/p>\n CCTP eliminated the need for wrapped and synthetic versions of USDC.<\/p>\n Cross-chain bridges seek to make the broader crypto ecosystem interoperable, functioning as a unified network rather than a collection of fragmented, isolated blockchains.<\/p>\n Making bridges as simple and easy to use as possible has been an area of focus for many crypto infrastructure firms.\u00a0<\/p>\n In the past, bridges have confused users and arguably slowed crypto adoption,<\/a> especially for beginners struggling to navigate bridge interfaces, trade routes and gas fees.<\/p>\n Cointelegraph found that USDC Bridge supports USDC transfers between at least 17 Ethereum Virtual Machine-compatible blockchains, including Ethereum,<\/a> Avalanche, Arbitrum,<\/a> Base, Monad, Optimism, Polygon, Sonic and World Network.<\/p>\n Related:<\/strong><\/em> Ukraine arrests FBI-wanted cybercrime suspect, seizes $11M in assets<\/strong><\/em><\/a><\/p>\n Circle\u2019s CCTP supports a broader number of blockchains, including Solana, Sui and Aptos, which are not natively EVM compatible.<\/p>\n On Wednesday, Circle was hit with a class action<\/a> for failing to freeze around $230 million worth of USDC that moved through its CCTP from the Drift Protocol exploit on April 1.<\/p>\n Circle is accused of aiding and abetting conversion<\/a> and negligence.\u00a0<\/p>\n More than 100 members are involved in the class action. The law firm representing them, Mira Gibb, is seeking damages, with the final amount to be determined at trial.<\/p>\n Magazine:<\/strong><\/em> Are DeFi devs liable for the illegal activity of others on their platforms?<\/strong><\/em><\/a><\/p>\n <\/div>\n Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native cross-chain transfers of the USDC stablecoin. On Friday, Circle\u2019s USDC X account said the bridge allows users to move the USDC (USDC) stablecoin in a \u201cpredictable, transparent way,\u201d citing a […]<\/p>\n","protected":false},"author":2,"featured_media":424770,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-424766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424766"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424766\/revisions"}],"predecessor-version":[{"id":424777,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424766\/revisions\/424777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424770"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/em><\/figcaption><\/figure>\nUSDC Bridge supports over a dozen blockchains<\/h2>\n