Circle Launches Cross-Chain USDC Transfer System to Streamline Movement Between Solana and Other Networks

Circle launching Cross-Chain Transfer Protocol (CCTP) on Solana to allow seamless USDC transfers between blockchains

CCTP pre-minting USDC on Solana ahead of official March 26 launch to establish balance and maintain liquidity

CCTP expected to streamline USDC transfers to Solana from other networks and drive innovation

USDC supply has surged 22% to $30B recently, indicating positive market sentiment

Solana has seen massive growth in USDC volume and DeFi TVL, catalyzing native SOL token to 2-year high