Odaily Planet Daily reports: 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 on EVM chains supported by CCTP, but does not yet support transfers initiated from Solana—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 being transferred.
Circle CCTP Launches Pre-Paid Fee Feature for EVM Chain USDC Transfers
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Summary
Circle's Cross-Chain Transfer Protocol (CCTP) has rolled out a protocol update featuring a pre-paid fee option for USDC transfers on EVM chains. Developers can now quote and pay fees in advance using native gas tokens or USDC. This feature supports all EVM-compatible chains but not Solana. The CCTP Quote API standardizes fee calculations and includes costs for fast transfers and forwarding. On-chain data shows no impact on the actual USDC balance when paying with native tokens.
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