On January 31st, COINOTAG News reported that Circle has expanded its cross-chain transfer protocol (CCTP) to include Aptos. This development enables users and developers to securely transfer USDC across ten different blockchain networks, achieving a notable 1:1 capital efficiency. CCTP employs an innovative native burn and mint mechanism, which removes the necessity for liquidity locking or dependence on third-party services, enhancing capital efficiency while reducing trust prerequisites. Presently, a variety of applications, wallets, and trading platforms, including prominent cross-chain bridges like Wormhole and Portal, support the CCTP, signifying a significant advancement in the realm of blockchain transactions.
Source: https://en.coinotag.com/breakingnews/circles-cctp-now-supports-aptos-revolutionizing-usdc-transfers-across-10-blockchains/