crypto.news 2025-03-19 16:53:55

DeFi protocol Stargate integrates Circle’s CCTP for native USDC transfers

Stargate, a composable liquidity transport protocol, has announced its integration with Circle’s cross-chain transfer protocol. In an announcement on Mar. 19, Stargate ( STG ) said integrating stablecoin issuer Circle’s Cross-Chain Transport Protocol is a major development. Per details the platform shared, CCTP will bring native USDC ( USDC ) transfers to Stargate Finance’s users. CCTP, which Circle recently upgraded to enhance its functionality, will help Stargate users transfer native USDC across several supported networks. This means 1:1 capital efficiency for users on Ethereum, Solana and Aptos, as well as layer 2 scaling solutions Base, Optimism and Arbitrum. CCTP on Stargate will also support native USDC transfers between the decentralized finance protocol and Avalanche and Polygon. “By integrating Circle’s CCTP, Stargate expands its reach and ability to serve more users and ecosystems, with seamless value transfer,” the protocol posted on X. You might also like: Stargate Finance up 13% after OpenAI announces $500b AI projec Stargate’s integration of CCTP comes just days after Circle launched an upgraded version of the cross-chain transport protocol. The unveiling of CCTP v2 , according to Circle, offers an enhanced version of the solution, with the main improvement being the slashing of transaction times for transfers to Ethereum and layer 2s from minutes to seconds. Typically, such transactions have taken 13-19 minutes. But CCTP v2 cuts this to seconds via the Faster Transfer feature. Circle’s Hooks feature also adds to overall efficiency with automatic swaps and treasury management. “The launch of CCTPv2 is a huge leap forward in building fast, secure and simple to use financial applications onchain. It enables cross-chain USDC movement in seconds (fast finality), new developer hooks to connect automation and composability with transfers, and high security,” Jeremy Allaire, co-founder and chief executive officer of Circle, said at the time. Recently, bridged USDC Standard went live on Story, the Stargate Hydra chain that allows for tokenization of intelligence. Leveraging bridged USDC will allow developers to continue building high-quality dApps as users benefit from value transfer across the blockchain network. The deployment means users can use the bridged version of the stablecoin to move value from and to more than 30 networks connected to Stargate. Read more: Circle cuts cross-chain USDC settlement to seconds with CCTP v2

Meist gelesene Nachrichten

Bitcoin’s Hot Supply Drops 50% in 3 Months –...
2025-03-20
Canary files for PENGU ETF
2025-03-20
Argentina’s Senate Hosts First-Ever Conferenc...
2025-03-20
Accenture warns Musk’s Doge-led spending crac...
2025-03-20
Sonic price prediction 2025-2031: Will S reac...
2025-03-20
ZachXBT Exposes Hyperliquid Whale’s $20M Prof...
2025-03-20
Unlock Revolutionary Web3 Music: Label AI’s T...
2025-03-20
Identity of Whale Who Leveraged 50x Leverage...
2025-03-20

Ähnliche Neuigkeiten

Urgent Alert: Euro Dips as ECB Growth Reduction Wa...
20 Mar 2025
Bitcoin’s Volatility Rises Amid U.S. Economic Unce...
20 Mar 2025
Who’s responsible when something breaks in DeFi?
20 Mar 2025
Bitcoin Volatility Jumps to 6-Month High Amid 'Unu...
20 Mar 2025
Canary Capital Proposes ETF for PENGU Token and Pu...
20 Mar 2025
SEC Drops Appeal in Ripple Case: XRP Surges 14%
20 Mar 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen