Circle has launched a cross channel protocol that permits USDC transfers between and blockchains. The protocol works by burning the chosen quantity of native USDC on the supply string and minting an equal quantity of recent USDC on the meant vacation spot string. The protocol basically makes USDC transfers between the 2 networks sooner and extra user-friendly, as a result of earlier than its launch, customers had to make use of third-party bridges or a Circle associate to facilitate transfers between the 2 networks. Further assist for and different blockchains shall be added later in 2023.
Cuy Sheffield, the pinnacle of crypto at Visa (NYSE:), introduced a brand new cryptocurrency-related venture on April 24, targeted on stablecoin funds. Particulars are scarce at this level; nonetheless, Sheffiled shared a job itemizing associated to the venture, with the outline noting that the Visa Crypto group is constructing the subsequent technology of merchandise to facilitate commerce in everybody’s digital and cellular life. The job itemizing is in search of candidates with an excellent understanding of Layer 1 and Layer 2 options, in addition to expertise in writing sensible contracts utilizing the Solidity programming language, amongst others.
Subscribe
Blockchain’s most participating reads. Delivered as soon as every week.
Proceed studying on Coin Telegraph
