Company
Date Published
Author
Elton Tay
Word count
947
Language
English
Hacker News points
None

Summary

Circle Internet Financial has introduced the Circle Cross-Chain Transfer Protocol (CCTP) and the Stableit SDK, which aim to simplify the complex process of moving USDC across different blockchain networks. The CCTP allows for secure native USDC transfers between supported chains by burning USDC on the source chain and minting it on the destination chain. The Stableit SDK, built on CCTP, provides developers with a user-friendly interface to integrate USDC transfers, offering features like smart routing, gasless transfers, and automatic transaction coordination. It includes enhancements such as faster transfer times and hooks for automated smart contract execution post-transfer. Stableit's routing layer, CCTPr, optimizes delivery using off-chain relayers and integrates with Avalanche's fast finality to facilitate transfers across CCTP V1 and V2 networks. The SDK is designed for easy integration, requiring developers to define transfer intents, find optimal routes, and execute transactions while monitoring progress through lifecycle events.