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Wormhole and Circle Partnership Enables Cross-Chain USDC Transmission

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It is reported that Wormhole has officially announced that it has cooperated with Circle, the publisher of the USDC, to launch a new contract integrating the C…

Wormhole and Circle Partnership Enables Cross-Chain USDC Transmission

It is reported that Wormhole has officially announced that it has cooperated with Circle, the publisher of the USDC, to launch a new contract integrating the Circle Cross-Chain Transport Protocol (CCTP), enabling developers to write general messages on top of the cross-chain native USDC transmission, and burn and cast the native USDC on the supported chain. Developers can build cross-chain native swap, cross-chain USDC transfer, loan agreement, DEX, revenue aggregator, etc. on this contract. Users can enjoy non-slip transactions and transmit messages without paying gas fees on the target chain. At present, the integration has been launched in the test network.

Wormhole integrated Circle cross-chain transmission protocol

Interpretation of the news:


Wormhole, a blockchain project that aims to facilitate cross-chain communication, has announced a partnership with Circle, the publisher of the USDC stablecoin. The two companies have launched a new contract that integrates the Circle Cross-Chain Transport Protocol (CCTP), allowing developers to create general messages on top of the cross-chain native USDC transmission.

This integration enables developers to build various applications on this contract, such as cross-chain native swap, cross-chain USDC transfer, loan agreement, DEX, revenue aggregator, and more. The benefit of this contract lies in its cross-chain permissionless feature, which makes it easier and more efficient for users to enjoy non-slip transactions and transmit messages without paying gas fees on the target chain.

This partnership marks an important milestone for cross-chain communication, a technology that has been receiving increasing attention in the blockchain space. With cross-chain communication, users can move assets across different blockchains, opening up new possibilities for decentralized applications (dApps) and the DeFi ecosystem.

The USDC stablecoin is an important component of this integration. USDC is a stablecoin backed by US dollars that has gained widespread adoption in the DeFi space due to its stability and liquidity. With this integration, USDC can be easily moved across different blockchains, providing more flexibility for users and developers.

The launch of this integration in the test network is a positive development for the blockchain industry. Cross-chain communication has been a bottleneck for decentralized applications, and this integration provides a solution for this problem. As more developers and users adopt this new technology, it is expected that more innovative applications will be developed.

In conclusion, the partnership between Wormhole and Circle marks an important milestone in cross-chain communication, enabling developers to build various decentralized applications on a cross-chain native infrastructure. With the launch of this integration in the test network, the blockchain industry is one step closer to achieving seamless cross-chain communication.

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