Ethereum and Avalanche Support from Circle!

From Tether (USDT) second largest stablecoin after of USDC issuer company circle, for developers on Ethereum and Avalanche Cross-Chain Transfer Protocol (CCTP) announced its availability on the mainnet.

Issued CCTP, USDC’s Ethereum (ETH) And Avalanche (AVAX) will enable it to move across blockchains.

Circle shared the following statements on his Twitter account:

“Today is a new milestone! The Chain-to-Chain Transfer Protocol (CCTP) is now released on the mainnet for Ethereum and Avalanche.

By enabling CCTP USDC to flow natively between supported chains, it offers unmatched levels of interoperability, security, liquidity and simplified user experiences.”

1/ Today marks a new milestone! Cross-Chain Transfer Protocol (#CCTP) is now on mainnet for @Ethereum and @Avax. https://t.co/ExIAWywNGt

— Circle (@circle) April 26, 2023

Bridge projects and interoperability-oriented protocols such as Celer Network, Layer Zero, Li.Fi, Multichain, and Router Protocol have already integrated the CCTP protocol to allow users to carry USDC through their interfaces, Circle said in a statement.

Avalanche with USDC in a statement AVAX He said the integration will create more seamless transaction and payment options for developers and participants in Avalanche’s growing ecosystem of DeFi protocols, enterprise applications, NFT marketplaces and more.

Jeremy Allaire, CEO and Co-Founder of Circle, said:

“USDC support on Avalanche comes at an exciting and crucial moment for the growing multi-billion dollar DeFi market.

This integration with USDC, the leading dollar digital currency for the decentralized economy, will be instrumental for developers and communities looking to join one of the fastest, organically growing ecosystems in crypto.”

It was stated that CCTP is expected to expand to include additional chains in the second half of 2023.

*Not investment advice.