Across Protocol Achieves Successful Integration of Circle’s Cross-Chain Transfer Protocol (CCTP)
In an exciting announcement today, Across Protocol revealed that it has successfully integrated Circle’s CCTP. This integration is set to revolutionize the world of $USDC bridging by significantly improving transfer speeds and reducing fees, ultimately offering users a more efficient and cost-effective experience. The announcement was made through Across Protocol’s official X account.
We take immense pride in unveiling the successful integration of @circle’s CCTP, a development that will greatly enhance speeds and reduce fees for all $USDC bridging on Across. Thanks to our innovative intents-based architecture, third-party relayers now have the ability to seamlessly swap between different versions of $USDC, granting users the freedom to choose their preferred version on the destination chain. This groundbreaking feature is the first of its kind in the industry.
The integration with CCTP will have a profound impact on the capital efficiency of Across Protocol. Previously, relayers had to wait several hours to receive repayment in $USDC, but with the introduction of CCTP, repayment will now occur in under 20 minutes. This swift repayment process will unlock more capital for utilization, resulting in better pricing and an overall enhanced user experience.
With its unique intents-based architecture, secured by UMA’s optimistic oracle, Across Protocol is already optimized for capital efficiency through a single liquidity pool, a highly competitive relayer landscape, and a zero slippage fee model. The addition of CCTP integration further solidifies Across Protocol as a leading solution for $USDC transfers.
Users can now enjoy lower fees and higher speeds on all $USDC transfers, thanks to the improvements in capital efficiency brought about by this integration. This enhanced capital utilization and improved user experience highlight Across Protocol’s unwavering commitment to delivering top-tier cross-chain transfer solutions.
Tags: USDC
