🚀 Circle Expands Web3 Services to Support Arbitrum One Blockchain
#Circle #Web3 #ArbitrumOne #Blockchain #Avalanche #Ethereum #PolygonPoS #Solana #ARB
According to Odaily, Circle has announced that its suite of Web3 service products now fully supports the Arbitrum One blockchain. This expansion follows Circle's previous support for several other blockchain networks, including Avalanche, Ethereum, Polygon PoS, and Solana.#Circle #Web3 #ArbitrumOne #Blockchain #Avalanche #Ethereum #PolygonPoS #Solana #ARB
🚀 Sui Bridge Integrates Circle's Cross-Chain Transfer Protocol for USDC Transfers
#SuiBridge #Circle #CrossChainTransfer #USDC #Interoperability #Blockchain #CCTP #Arbitrum #Avalanche #Base #Ethereum #Noble #OPMainnet #PolygonPoS #Solana #TransactionFees #CryptoTransfers #Stablecoin
According to Odaily, Sui Bridge has successfully integrated Circle's Cross-Chain Transfer Protocol (CCTP), enabling users to directly transfer the USDC stablecoin between Sui and eight other blockchain networks. This integration enhances the interoperability of USDC, allowing seamless transfers across multiple platforms.
The CCTP now supports secure one-to-one USDC transfers not only on the newly added Sui but also on Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, Polygon PoS, and Solana. This development simplifies the process for users who wish to move USDC across different blockchain ecosystems. Users are required to pay transaction fees on both the origin and destination chains during cross-chain transfers.
The protocol operates by burning the original USDC on the source chain and minting new native USDC on the destination chain. This mechanism ensures that the value of USDC remains pegged to the US dollar, eliminating the need for currency conversion during the transfer process. The integration of CCTP into Sui Bridge marks a significant step in enhancing the utility and accessibility of USDC across various blockchain networks.#SuiBridge #Circle #CrossChainTransfer #USDC #Interoperability #Blockchain #CCTP #Arbitrum #Avalanche #Base #Ethereum #Noble #OPMainnet #PolygonPoS #Solana #TransactionFees #CryptoTransfers #Stablecoin
🚀 Polygon Co-Founder Launches Independent Venture Zisk
#Polygon #Zisk #JordiBaylina #zkEVM #blockchain #openSource #lowLatency #transactionValidation #PolygonLabs #leadershipRestructuring #SandeepNailwal #PolygonPoS #Agglayer
According to Foresight News, Polygon co-founder Jordi Baylina and the team behind Polygon zkEVM have transitioned into an independent company named Zisk. This new venture will focus on developing low-latency, open-source zkVM proof technology. Blockchain verifiers are used to validate transactions or on-chain data without revealing underlying information. Information from Zisk's website indicates that the project was incubated within Polygon Labs in May 2024 and became independent on June 13.
Previously, the Polygon Foundation underwent a leadership restructuring, with co-founder Sandeep Nailwal assuming the role of CEO. Nailwal outlined plans to phase out the zkEVM chain and redirect resources towards Polygon PoS and the Agglayer cross-chain aggregator.#Polygon #Zisk #JordiBaylina #zkEVM #blockchain #openSource #lowLatency #transactionValidation #PolygonLabs #leadershipRestructuring #SandeepNailwal #PolygonPoS #Agglayer