Circle CCTP Adds Prepaid Fee Feature for EVM Chain USDC Transfers

iconKuCoinFlash
Share
AI summary iconSummary
On-chain news from MetaEra shows that on September 8 (UTC+8), Circle’s Cross-Chain Transfer Protocol (CCTP) has launched a pre-paid fee feature for USDC transfers on EVM chains. Developers can now pay fees in advance using the source chain’s native token or USDC. The feature supports all EVM chain transfers but excludes transactions originating from Solana. The CCTP Quote API calculates fees uniformly across chains. This protocol update enables fees to be paid without reducing the amount of USDC transferred.

ME News reports that on September 8 (UTC+8), Circle’s Cross-Chain Transfer Protocol (CCTP) now supports prepaid fees for fast transfers, allowing developers to quote and collect fees in advance using the source chain’s native gas token or USDC before executing the transfer. This feature applies to all USDC transfers across EVM chains supported by CCTP, but does not yet support transfers initiated from Solana—though transfers to Solana remain supported. The CCTP Quote API uniformly calculates fees across all supported chains and integrates both Fast Transfer and Forwarding fees; paying fees with the source chain’s native token does not reduce the actual USDC balance transferred. (Source: ODAILY)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.