Wormhole and Circle Join Forces to Launch Cross-Chain Contract with USDC Integration
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…
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 has recently announced its partnership with Circle, the popular publisher of the US Dollar Coin (USDC), to launch a new contract. Through this contract, developers will now be able to write general messages on top of the cross-chain native USDC transmission. This integration also allows for the burning and casting of native USDC on the supported chain. The integration has been launched in the test network and will allow developers the ability to build cross-chain native swaps, transfer USDCs, loan agreements, DEX, revenue aggregators, among others.
The partnership between Wormhole and Circle is set to revolutionize cross-chain interoperability, with this contract providing a seamless way to transmit messages without the need to pay for gas fees. By allowing developers to create applications that require cross-chain native USDC transactions, the new contract aims to provide the bridge needed to unlock the full potential of decentralized applications.
The Circle Cross-Chain Transport Protocol (CCTP) is at the heart of this exciting new development, providing a secure way to transfer USDC between chains. As a result, users can enjoy non-slip transactions, cross-chain swaps, and more, without worrying about the fees associated with traditional transactions.
This announcement comes at a time when the demand for interoperability between blockchain networks is at an all-time high. The integration of the Circle Cross-Chain Transport Protocol (CCTP) with Wormhole’s platform will enable developers to build a range of applications that can operate across different blockchain networks, creating a more connected and efficient ecosystem.
In conclusion, the partnership between Wormhole and Circle is a significant step towards achieving greater interoperability between blockchain networks. The launch of this new contract is expected to create a new wave of decentralized applications that can operate seamlessly across different blockchain networks.
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