Wormhole and Circle Partner Up to Launch a New Contract for 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 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
Interpret the above information:
Wormhole has recently announced their partnership with Circle, an established USDC publisher, to launch a new contract that integrates the Circle Cross-Chain Transport Protocol (CCTP). This integration allows developers to write general messages on top of the cross-chain native USDC transmission, ultimately enabling them to build cross-chain native swap, cross-chain USDC transfer, loan agreement, DEX, revenue aggregator, and more on this contract. With this new development, users can enjoy non-slip transactions and transmit messages without paying gas fees on the target chain.
Cross-chain transmission is increasingly gaining popularity, as it helps solve the problem of scalability and interoperability within blockchain networks. By integrating the Circle Cross-Chain Transport Protocol (CCTP), developers can build various decentralized applications and smart contracts on top of cross-chain native USDC transmission. This integration allows developers to build their decentralized applications and smart contracts without worrying about the interoperability issue, as the native USDC can easily be burnt and cast on the supported chain.
The new contract also allows users to enjoy non-slip transactions and transmit messages without paying gas fees on the target chain. This is significant as gas fees have become an increasing concern and an obstacle for developers and users alike. By not having to pay excessive gas fees, users can ultimately save time and money, enabling them to spend their resources in more effective ways.
The Wormhole and Circle partnership is still in the early stages, with the integration presently launched in the test network. As more developers start building on this new contract and more users start enjoying non-slip transactions, we can expect to see an increase in the adoption of cross-chain transmission and an improvement in blockchain interoperability.
In conclusion, the integration of the Circle Cross-Chain Transport Protocol (CCTP) with Wormhole’s new contract provides an exciting opportunity for developers to build various decentralized applications and smart contracts that will help to solve interoperability issues within blockchain networks. This partnership presents a significant milestone in the advancement of cross-chain transmission and is expected to help address the scalability and interoperability concerns that developers have been grappling with.
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