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USDC and Circle CCTP Now Live on Morph, Enabling Standardized Cross-Chain Dollar Settlement
Odaily News USDC and Circle's Cross-Chain Transfer Protocol (CCTP) are now live on Morph. USDC serves as the dollar-denominated settlement asset within the Morph network and is now issued on Morph by Circle's regulated affiliates.CCTP enables the cross-chain transfer of USDC between Morph and other supported blockchains at a 1:1 ratio, meaning it is burned on the source chain and natively minted on the destination chain, thereby maintaining supply integrity. Developers can choose between standard transfer and fast transfer modes based on their security and timeliness requirements.Morph stated that USDC and CCTP will support dollar settlement needs in scenarios such as cross-border remittances, crypto payment cards, payment gateways, as well as DeFi and trading, and will further advance the development of on-chain payment infrastructure.
USDC and Circle CCTP to Launch on Morph, Offering Native Dollar Settlement and Standardized Cross-Chain Transfers
Odaily News USDC and the Circle Cross-Chain Transfer Protocol (CCTP) are set to launch on Morph. USDC will be issued on Morph by Circle's regulated affiliates to serve as the network's dollar-denominated settlement asset, providing a more consistent foundation for dollar settlement in payment applications.CCTP will support the transfer of USDC between supported blockchains via a burn-and-mint mechanism. USDC is burned on the source chain and natively minted on the destination chain, thereby maintaining a 1:1 supply consistency and standardized settlement behavior. Applications can choose between Standard Transfer or Fast Transfer modes based on their needs.Morph stated that USDC and CCTP will support dollar settlement and cross-chain fund orchestration in scenarios such as crypto cards, cross-border remittances, payment gateways, as well as DeFi and trading. This will work in conjunction with Morph's $150 million Payment Accelerator program to advance its positioning as a payment settlement layer.
USDC and CCTP to Launch on Morph, Enabling Cross-Chain Dollar Settlement and Payment Applications
According to official news, USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will launch on Morph. USDC will be issued on Morph by Circle's regulated affiliated entities to serve as the network's dollar-denominated settlement asset and provide a more consistent dollar settlement foundation for payment applications.CCTP will support the transfer of USDC between supported blockchains via a burn-and-mint mechanism. It is burned on the source chain and natively minted on the destination chain, thereby maintaining 1:1 supply consistency and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes as needed.Morph stated that USDC and CCTP will support dollar settlement and cross-chain fund routing in scenarios such as crypto cards, cross-border remittances, payment gateways, as well as DeFi and trading. This will work in conjunction with Morph's $150 million Payment Accelerator program to advance its positioning as a payment settlement layer.
WBTC accounts for 59.7% of the market share of packaged BTC and is the largest BTC package token in terms of application scale.
Odaily星球日报讯 据链上分析师 Ai 姨监测,特朗普加密项目 WLFI 昨天将部分 USDC 兑换成了 cbBTC 和 ETH,目前持有价值 996 万美元的 cbBTC,WBTC 托管风波之后,Coinbase / Kraken 等交易所和知名势力入场,以下是各类封装 BTC 的市场份额现状如下:WBTC:占 59.7%,2019 年推出至今仍是应用规模最大的 BTC 封装代币; BTCB:占 27.7%,币安推出的 BSC 网络锚定资产; cbBTC:占 7.28%,Coinbase 于今年九月推出后迅速进入前三梯队; BTC.b:占 2.3%,Avalanche 网络的跨链 BTC;tBTC:由 Keep、Summa 和 Cross-Chain Group 支持的开源项目,ERC20 形式封装 BTC。
ccTokens cooperates with CKB Ecosystem Fund and Meson Finance to jointly issue ccBTC backed by 1:1 BTC reserves on the CKB mainnet
Odaily News According to official news, Cross-Chain Tokens (ccTokens) announced a strategic cooperation with Nervos CKB Eco Fund, and will issue ccBTC on the CKB main chain to introduce BTC liquidity to the CKB main network. In addition, the cross-chain service provider Meson Finance will serve as the official cross-chain bridge designated by CKB Eco Fund, officially launch the CKB main network and support ccBTC, helping users to achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer2. It is reported that ccBTC is a token supported by 1:1 Bitcoin reserves. Cactus Custody will serve as the official custodian of BTC assets to ensure the meticulous management of Bitcoin reserves supporting ccBTC; the reserve address, balance and transaction records can be publicly accessed and verified in real time on the ccTokens website. Cactus Custody is a subsidiary of Matrixport and a compliant and licensed trust company in Hong Kong. It complies with anti-money laundering and regulatory standards and provides safe and efficient digital custody solutions. ccBTC will leverage the features of Nervos CKB and RGB++ protocols to ensure the safe flow of BTC in the Bitcoin ecosystem and help various DApps use Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins and derivatives markets, as well as large-scale adoption scenarios such as the Lightning Network and Nostr social protocol. The governance model of ccTokens emphasizes checks and balances through a multi-institutional framework, role and rights isolation, and decentralization to prevent potential misconduct. The project adopts a multi-party confirmation mechanism in key processes such as mining, destruction, and on-chain verification to ensure that cross-chain asset services are transparent and reliable. In addition, the blacklist mechanism supports ongoing governance and compliance work.
Bedrock: uniETH cross-chain native liquidity re-staking has been launched on Linea, Scroll and Arbitrum
Odaily News Ethereum re-staking project Bedrock published a post on the X platform stating that uniETH Cross-Chain Native Liquid Restaking has been launched on Linea, Scroll and Arbitrum. This move aims to reduce fees and increase liquidity, and will be expanded to other chains in the future.
WOOFi announces incentive details for 1 million ARB
Odaily News WOOFi announced the incentive details of 1 million ARB, which are: · WOOFi Earn (200,000 pieces), allocated to each token vault; · WOOFi Pro (200,000 pieces), used to motivate traders; · WOOFi Stake (20 100,000 coins) for stakers; · WOOFi swaps (150,000 coins) as fee compensation; · WOOFi cross-chain swaps (150,000 coins); · WOOFi specific tasks (100,000 coins);
NodeKit completes US$1.2 million in Pre-Seed round of financing, led by Borderless Capital
Odaily News NodeKit, the SEQ development team based on Avalanche, announced the completion of a US$1.2 million Pre-Seed round of financing, led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures and Wormhole Cross-Chain Ecosystem Fund. SEQ is a shared sequencer Layer 1 network that will help the Rollup chain launch and decentralize its transaction ordering. SEQ will operate as an independent blockchain or subnet within the Avalanche ecosystem. (The Block)
Phantom’s new feature allows users to exchange tokens across Ethereum and Solana chains
Odaily News Encryption wallet Phantom has launched a new Cross-Chain Swapper, allowing users to bridge tokens directly across the Ethereum and Solana networks in Phantom. Users can choose any EVM token and bridge it to Solana while converting it to USDC. If you need to use SOL to pay transaction fees, you can use Refuel to cross-chain some tokens and exchange them for SOL, so that users can pay transaction fees immediately after cross-chain.
Yield management protocol Mugen launches LayerZero-based cross-chain DEX aggregator
Odaily星球日报讯 收益管理协议Mugen近日宣布推出基于LayerZero构建的跨链DEX聚合器Cross-Chain Swaps v1,可从UniSwap、SushiSwap、TraderJoe 和 PancakeSwap等DEX为用户获取最优惠报价,现已支持 Arbitrum、Optimism、Avalanche、BNB Chain和 Polygon等网络。
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