Today, Across Protocol announced the successful integration of Circle’s Cross-Chain Transfer Protocol (CCTP). This will mark significant progress in the $USDC bridge. This integration improves transfer speeds and reduces costs, giving users a more efficient and cost-effective experience. Across Protocol used its official X account to make this announcement.
We’re proud to announce the successful integration of @circle’s CCTP to improve speeds and costs for all $USDC bridging on Across 💫
Our unique intent-based architecture allows third-party relayers to switch between both versions of $USDC, giving users the freedom to… pic.twitter.com/ErPWZDOtQ9
— About (@AcrossProtocol) May 31, 2024
Across Protocol unlocks new flexibility and efficiency in $USDC transfers
Leveraging its unique intent-based architecture, Across Protocol allows third-party relayers to switch between different versions of $USDC. This gives users the flexibility to choose their preferred version in the destination chain, an industry first.
The integration with CCTP will dramatically improve Across Protocol’s capital efficiency. Previously, relayers were refunded $USDC within hours, but with CCTP the refund will now occur in less than 20 minutes. This quick payback frees up more capital for use, 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 via just one liquidity pool, a highly competitive relayer landscape, and a zero-slip 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 faster speeds for all $USDC transfers, thanks to the capital efficiency improvements brought about by this integration. The improved capital utilization and user experience underscore Across Protocol’s commitment to delivering high-quality cross-chain transfer solutions.