Solana Network Nears USD Coin Integration Milestone

Solana Network Nears USD Coin Integration Milestone

By
Elena Ramirez
1 min read

The Solana network is approaching a significant milestone with the integration of USD Coin (USDC), one of the world's leading stablecoins. The Cross-Chain Transfer Protocol (CCTP) launch is fast approaching, which is expected to be a game-changer for the blockchain industry. The CCTP is set to launch on the Solana mainnet on March 26, providing an on-chain utility that facilitates USDC transfers between blockchain networks. This is aimed at boosting capital efficiency and reducing trust needs when transferring USDC across blockchain networks. Developers can leverage this protocol to create innovative cross-chain apps that integrate trading, loans, payments, NFTs, and more. The Solana network's deployment of CCTP would make it the second non-AVM chain to feature this capability. Circle's Cross-Chain Transfer Protocol (CCTP) went live on Noble's main network, providing users with easy swapping. Noble, a Cosmos application-specific blockchain, allows native asset issuance within the Cosmos ecosystem and supports transfers using the Inter-Blockchain Communication (IBC) protocol.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings