Across Protocol has exciting news to share with the successful integration of Circle’s Cross-Chain Transfer Protocol (CCTP). This development signifies a major leap forward in $USDC bridging, promising faster transfer speeds and reduced fees for users, ultimately enhancing efficiency and cost-effectiveness. The official X account of Across Protocol was utilized to make this announcement.
In a groundbreaking move, Across Protocol has implemented @circle’s CCTP to elevate the speed and cost structure of all $USDC bridging on Across . Thanks to its innovative intents-based architecture, third-party relayers now have the capability to seamlessly switch between different versions of $USDC, empowering users with the freedom to choose their preferred version on the destination chain.
The integration with CCTP is set to revolutionize the capital efficiency of Across Protocol. Previously, relayers had to wait several hours for $USDC repayment, but with CCTP in place, repayment will now be completed in less than 20 minutes. This swift turnaround in repayment liberates more capital for usage, leading to improved pricing and an enhanced overall user experience.
By leveraging its intents-based architecture, Across Protocol offers third-party relayers the ability to switch between different versions of $USDC, providing users with the flexibility to choose their preferred version on the destination chain, a first-of-its-kind feature in the industry.
Across Protocol, a cutting-edge cross-chain bridge backed by UMA’s optimistic oracle, is strategically designed for optimal capital efficiency through a single liquidity pool, a competitive relayer landscape, and a zero slippage fee model. With the addition of CCTP integration, Across Protocol solidifies its position as a premier solution for $USDC transfers.
With the enhanced capital efficiency brought about by this integration, users can now benefit from lower fees and faster speeds on all $USDC transfers. This advancement underscores Across Protocol’s unwavering commitment to delivering top-notch cross-chain transfer solutions that prioritize user experience and efficiency.