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Jeremy Allaire: Asset issuers now have access to cross-chain transit protocol used for USDC

Jeremy Allaire: Asset issuers now have access to cross-chain transit protocol used for USDC
Cross-chain protocol opens to asset issuers

Circle Co-Founder and CEO Jeremy Allaire announced that the CCTP cross-chain protocol, previously used for ferrying USDC across blockchains, has been opened up to any token issuer.

Allaire described this as a major unlock, saying it provides the same safe and performant cross-chain transit for asset issuers that USDC has had for years.

The announcement follows other recent moves by Circle in the stablecoin space. In December, the company froze over $800 million USDC linked to a reported Binance exploit, working alongside law enforcement as part of the investigation, according to a previous statement from Allaire. Earlier last year, Allaria SA introduced two-side USDC/ARS liquidity in Argentina, a development Allaire said could help expand fintech and capital markets in the region.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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