2024

Solana

USDC

Cosmos

Coin

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The <a href="https://u.today/solana-sol-scores-new-integration-on-binance-details" rel="noopener noreferrer nofollow">Solana</a> network is on the brink of achieving a significant milestone with the integration of USD Coin (USDC), one of the world's leading stablecoins.
This development comes as the Cross-Chain Transfer Protocol (CCTP) launch is fast approaching, signaling a potential game-changer for the blockchain industry.
The CCTP is expected to launch on the Solana mainnet on March 26, a big milestone that was lauded by the cofounder and CEO of Circle, <a href="https://twitter.com/jerallaire/status/1770688734599541086" rel="noopener noreferrer nofollow">Jeremy Allaire</a>, who tweeted, "Big launch coming."
<blockquote>
 Big launch coming! <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a> <a href="https://twitter.com/hashtag/cctp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cctp</a> <a href="https://t.co/fgqsWAwnoz" rel="noopener noreferrer nofollow">https://t.co/fgqsWAwnoz</a>— Jeremy Allaire (@jerallaire) <a href="https://twitter.com/jerallaire/status/1770688734599541086?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 21, 2024</a>
</blockquote>
Ahead of the launch of CCTP on the Solana mainnet, Circle says it has updated information for developers to build out integrations on the Solana devnet.
Cross-Chain Transfer Protocol (CCTP) is an on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Circle designed this on-chain program to boost capital efficiency and reduce trust needs when transferring USDC across blockchain networks.
Developers can use the Cross-Chain Transfer Protocol to create innovative cross-chain apps that combine the many capabilities of trading, loans, payments, NFTs, gambling and others.
Solana is a layer-1 blockchain, where USDC is natively issued as an SPL token; thus, CCTP would be deployed to Solana as two anchor programs. The Solana CCTP programs are written in Rust and leverage the Anchor framework.
<a href="https://u.today/solana-sol-founder-puzzles-community-with-unexpected-satoshi-tweet" rel="noopener noreferrer nofollow">Solana</a>, notably, would be the second non-AVM chain to debut the CCTP feature.
Circle’s Cross-Chain Transfer Protocol (CCTP) went live on Noble’s main network in November 2023 to offer users easy swapping.
Noble is a Cosmos application-specific blockchain that enables native asset issuance within the Cosmos ecosystem. USDC is natively issued on Noble and may be transferred using the Inter-Blockchain Communication (IBC) protocol to other Cosmos app chains or CCTP to any supported domain (Ethereum).

Solana (SOL) Nears Major USDC Milestone: Details

U_Today

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