Today, Across Protocol has made an exciting announcement regarding the successful integration of Circle’s Cross-Chain Transfer Protocol (CCTP). This integration will revolutionize the bridging of $USDC by enhancing transfer speeds and reducing fees, ultimately providing users with a more efficient and cost-effective experience. Across Protocol used its official X account to share this news.
We are delighted to inform you that we have successfully integrated @circle’s CCTP into our platform to greatly improve speeds and fees for all $USDC bridging on Across. This development is a significant milestone that will bring about positive changes in the way $USDC transfers are conducted.
Thanks to our unique intents-based architecture, third-party relayers now have the ability to seamlessly switch between different versions of $USDC. This empowers users to select their preferred version on the destination chain, a feature that has never been seen before in the industry.
The integration with CCTP will have a profound impact on the capital efficiency of Across Protocol. Previously, it took several hours for relayers to be repaid $USDC, but with the implementation of CCTP, repayment will now occur in less than 20 minutes. This rapid repayment process will free up more capital for utilization, leading to better pricing and an improved overall user experience.
By combining our unique intents-based architecture with the advanced capabilities of CCTP, Across Protocol has unlocked new levels of flexibility and efficiency in $USDC transfers. Our platform, which is secured by UMA’s optimistic oracle, is already optimized for capital efficiency through a single liquidity pool, a highly competitive relayer landscape, and a zero slippage fee model. The integration of CCTP further solidifies Across Protocol as a leading solution for $USDC transfers.
As a result of this integration, users can now enjoy lower fees and faster transfer speeds on all $USDC transactions. The improved capital efficiency not only benefits users but also reinforces Across Protocol’s commitment to delivering top-tier cross-chain transfer solutions.
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