Now Available: USDC and CCTP on Injective
Blog post from Circle
Circle Internet Financial has launched USDC and Circle Cross-Chain Transfer Protocol (CCTP) on Injective, a Layer-1 blockchain optimized for onchain finance applications, enabling dollar-denominated collateral, efficient settlement, and seamless crosschain USDC transfers for decentralized finance (DeFi) applications. Injective supports Ethereum, Solana, and WebAssembly virtual machines, facilitating DeFi-friendly crosschain liquidity and use cases. USDC on Injective offers a regulated, fully reserved stablecoin that supports high-performance DeFi trading, lending, and other financial activities, while CCTP simplifies USDC transfers across blockchains without relying on wrapped assets. Injective's infrastructure, characterized by low latency and near-zero transaction fees, allows developers to create robust, high-throughput capital markets, supporting crosschain functionality and enabling apps, digital wallets, and exchanges to offer seamless transactions. Circle Mint provides on/offramps for institutional users to convert fiat currency into USDC, while individuals can access USDC through various wallets and exchanges, enhancing financial accessibility and efficiency in the Injective ecosystem.