Circle and Injective Partner to Launch Native USDC and CCTP on Injective

According to the announcement, Injective will add native USDC and Circle’s Cross-Chain Transfer Protocol, enabling direct USDC transfers across supported blockchains without wrapped assets or third-party bridges.

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Summary

Circle and Injective announced that Injective will support native USDC issuance and integrate Circle’s Cross-Chain Transfer Protocol. The official announcement states that the rollout will allow users to transfer USDC between Injective and other supported blockchains without relying on wrapped assets or third-party bridges. Under CCTP, USDC is burned on the source chain and the same amount is minted on the destination chain, enabling native cross-chain movement of the stablecoin.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, commonly used for trading, payments, and on-chain transfers.
  • Cross-Chain Transfer Protocol: Circle’s system for moving USDC natively between supported blockchains by burning tokens on the origin chain and minting them on the destination chain.
  • Native USDC: USDC issued directly on a blockchain instead of existing as a wrapped or bridged version from another network.