On January 31st, COINOTAG News reported that Circle has expanded its cross-chain transfer protocol (CCTP) to include Aptos. This development enables users and developers to securely transfer USDC across ten different blockchain networks, achieving a notable 1:1 capital efficiency. CCTP employs an innovative native burn and mint mechanism, which removes the necessity for liquidity locking or dependence on third-party services, enhancing capital efficiency while reducing trust prerequisites. Presently, a variety of applications, wallets, and trading platforms, including prominent cross-chain bridges like Wormhole and Portal, support the CCTP, signifying a significant advancement in the realm of blockchain transactions.
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