1) With the CCTP bridge, Circle is making a push into transaction-based revenues ▪️ Native USDC bridge. CCTP is Circle’s cross-chain transfer protocol that burns USDC on the source chain and mints native USDC on the destination chain, unifying USDC liquidity across 15+ blockchains. ▪️ Fixes bridge fragmentation. CCTP removes wrapped-USDC bridges and external liquidity pools, reducing bridge risk, capital lockups, and operational complexity for exchanges, wallets, and applications that move USDC between chains. ▪️ Fee-based volume growth. CCTP V2 charges onchain Fast Transfer fees at mint and is already processing $28.9 billion in quarterly transfer volume, up 6.3x YoY, turning cross-chain USDC movement into a growing transaction-based revenue line for Circle.
Share
Source:Show original
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.