biffbuster
Joined Mar 25, 2022
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Cross-Chain Transfer Protocol (CCTP) on Base
Oct 27, 2023 - Starting today, Cross-Chain Transfer Protocol is live on Base Mainnet. Enabling secure $USDC transfers between blockchain through a burn-and-mint process. The system burns the original USDC tokens on the source blockchain and recreates an equivalent amount on the destination chain, facilitating a secure and efficient transfer mechanism. CCTP is powered by Circle and aims to help foster more scalable and secure applications built on USDC. In this analysis we will be observing
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