Circle has launched a cross channel protocol that enables USDC transfers between the and the 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 supposed vacation spot string. The protocol primarily makes USDC transfers between the 2 networks sooner and extra user-friendly, as 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 help for and different blockchains shall be added later in 2023.

Cuy Sheffield, the top of crypto at Visa (NYSE:), introduced a brand new cryptocurrency-related venture on April 24, centered 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 era of merchandise to facilitate commerce in everybody’s digital and cellular life. The job itemizing is in search of candidates with a superb understanding of Layer 1 and Layer 2 options, in addition to expertise in writing good contracts utilizing the Solidity programming language, amongst others.

Proceed studying on Coin Telegraph