Cosmos Opens Doors To Circle's Native USDC Through CCTP
Portfolio Pulse from Khyathi Dalal
Circle, the issuer of USDC, plans to implement its cross-chain transfer protocol (CCTP) with a Cosmos-based token protocol, Noble. This will be the first integration with a non-Ethereum Virtual Machine chain. The move is expected to make USDC transfers seamless and boost its market cap. USDC has a circulating supply of almost $25 billion, with $20 billion being Ethereum.
October 03, 2023 | 5:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Circle's integration with Cosmos-based token protocol, Noble, is expected to boost USDC's market cap and make transfers seamless.
The integration of Circle's cross-chain transfer protocol with Cosmos-based token protocol, Noble, is a significant move for USDC. It marks the first-ever integration with a non-Ethereum Virtual Machine chain, which could potentially attract more users and increase the market cap of USDC. The seamless transfer process could also enhance the user experience, further driving the demand for USDC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100