Circle launches USDC cross-chain protocol between Ethereum and Avalanche
ChainCatcher news, according to official sources, Circle has announced the launch of a cross-chain transfer protocol for USDC between Ethereum and Avalanche. This protocol will burn the tokens on the original chain when users transfer across chains and mint new tokens on the target chain. Circle stated that cross-chain projects including Celer, Hyperlane, LayerZero, LI.FI, MetaMask, and Wormhole will use this protocol in the future. (source link)
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