Circle will launch the USDC cross-chain transfer protocol, and plans to launch Ethereum and Avalanche this year

Stablecoin issuer Circle will launch a new cross-chain transfer protocol to support USDC interoperability. The agreement requires no permission, enabling USDC to be sent across chains, thereby improving liquidity and reducing the fragmentation of bridged assets. Developers who build wallets, cross-chain bridges, payment applications, financial service tools, etc. will be able to provide simple cross-chain USDC transactions , In addition, the protocol is composable, and developers are able to superimpose various functions of transactions, payments, NFTs, games, etc. The protocol is scheduled to be launched on the Ethereum and Avalanche mainnets later this year, and LayerZero Labs, Wormhole, BitGo, and Avalanche will be the first to integrate in the platform.