Today, Across Protocol has announced the successful integration of Circle’s Cross-Chain Transfer Protocol (CCTP). This will mark a significant advancement in $USDC bridging. This integration will enhance transfer speeds and reduces fees, offering users a more efficient and cost-effective experience. Across Protocol used its official X account to make this announcement.
We are proud to announce the successful integration of @circle’s CCTP to improve speeds and fees for all $USDC bridging on Across 💫
Thanks to our unique intents-based architecture, third-party relayers are able to swap between both versions of $USDC, giving users the freedom to… pic.twitter.com/ErPWZDOtQ9
— Across (@AcrossProtocol) May 31, 2024
Across Protocol Unlocks New Flexibility and Efficiency in $USDC Transfers
Leveraging its unique intents-based architecture, Across Protocol allows third-party relayers to swap between different versions of $USDC. This provides users the flexibility to choose their preferred version on the destination chain, an industry-first feature.
The integration with CCTP will drastically improve the capital efficiency of Across Protocol. Previously, relayers were repaid $USDC within several hours, but with CCTP, repayment will now occur in under 20 minutes. This rapid repayment frees up more capital for utilization, resulting in better pricing and overall user experience.
Enhancing $USDC Transfers with Advanced Capital Efficiency
Across Protocol, a unique cross-chain bridge secured by UMA’s optimistic oracle, is well optimized for capital efficiency through only 1 liquidity pool, a highly competitive relayer landscape, and a zero slippage fee model. These useful features, combined with the new CCTP integration, make Across Protocol a leading solution for $USDC transfers.
Users can now enjoy lower fees and higher speeds on all $USDC transfers, thanks to the improvements in capital efficiency brought by this integration. The enhanced capital utilization and improved user experience underscore Across Protocol’s commitment to providing top-tier cross-chain transfer solutions.
