Circle CCTP V1 (Cross-Chain Transfer Protocol) product
Overview
Circle maintains a permissionless on-chain tool called the Cross-Chain Transfer Protocol (CCTP), which lets developers incorporate native USDC movements between different blockchains. The system operates by burning USDC on the originating chain and minting it directly on the target chain, removing the exposure associated with wrapped tokens. CCTP underpins cross-chain USDC liquidity.
Within The Counterparty graph, Circle CCTP V1 (Cross-Chain Transfer Protocol) connects to 5 tracked entities, most strongly to Circle, Ethereum, Solana.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Circle | 95% |
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | Sui | 90% |
deployed_on | Aptos | 90% |
Frequently asked questions
What is Circle CCTP V1 (Cross-Chain Transfer Protocol)?
Circle CCTP V1 (Cross-Chain Transfer Protocol) is a product tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to Circle, Ethereum, Solana.
What type of entity is Circle CCTP V1 (Cross-Chain Transfer Protocol)?
Circle CCTP V1 (Cross-Chain Transfer Protocol) is classified as a product (product) in The Counterparty knowledge graph.
What is Circle CCTP V1 (Cross-Chain Transfer Protocol) connected to?
In The Counterparty knowledge graph, Circle CCTP V1 (Cross-Chain Transfer Protocol) is linked to 5 other tracked entities, most strongly to Circle, Ethereum, Solana.