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- Stargate Finance integrates Circle’s CCTP, enabling seamless 1:1 USDC transfers across multiple blockchain ecosystems without relying on liquidity pools.
- CCTP V2 reduces USDC cross-chain transfer times from 15 minutes to seconds, enhancing speed and flexibility for decentralized finance transactions.
Stargate Finance has taken a significant stride forward in the decentralized banking space by integrating Circle’s Cross-Chain Transfer Protocol (CCTP).
This lets users move native USDC across several blockchain platforms using complete 1:1 capital efficiency without depending on outside vendors. Stated differently, it does away with the necessity for liquidity pools—often a bottleneck in cross-chain transactions.
The decentralized finance ecosystem is approaching the efficiency it has long dreamed of with the deliberate actions Circle takes and the inclusion of CCTP into Stargate Finance. Users may now be guaranteed their transactions are executing on a more trustworthy and safe mechanism in addition to moving USDC faster.
Stargate has integrated @Circle’s Cross-Chain Transport Protocol (CCTP).
You can now transfer native $USDC with 1:1 capital efficiency between, @Arbitrum, @Ethereum, @Avax, @Solana, @Aptos, @Base, @0xPolygon and @Optimism.
By integrating Circle's CCTP, Stargate expands its… pic.twitter.com/KdpTGkxGjB
— Stargate (@StargateFinance) March 19, 2025
Seamless USDC Transfers with CCTP V2
Users wishing to exchange USDC between Ethereum and Layer 2 used to have to wait up to 15 minutes for a transaction to finish. With CCTP V2, though, this process can now be completed in seconds. For users who demand quick and effective transactions, this development not only saves time but also gives greater flexibility.
“Fast Transfer” and “Hook” are the two key features causing this change. Fast Transfer lets USDC be delivered quickly without including complicated procedures like asset conversion or wrapping, as the name suggests.
The Hooks feature allows developers to automate storage, conversion, or other transactions in addition to other chores when the transfer is finished. These two features help to smooth out and speed up cross-chain transactions.
USYC Gains Strength as Circle Acquaire Hashnote
Apart from working with Stargate Finance, Circle keeps becoming more visible in the blockchain-based financial scene. With assets under control of $1.52 billion, Circle revealed on January 21, 2025, the acquisition of Hashnote, the issuer of US Yield Coin (USYC), currently the biggest Tokenized Money Market Fund (TMMF).
By using USYC as collateral that yields on several crypto trading platforms, this transaction helps USYC to be positioned in the digital asset capital market.
Moreover, Circle has partnered with one of the biggest institutional liquidity providers, DRW. By means of more flexible financial instruments for institutional investors, the partnership seeks to propel the acceptance of USDC and USYC in the larger market.
Licensing Hashnote in Bermuda: A Step Toward Compliance
As previously mentioned in our report, the corporation revealed intentions to license Hashnote under Bermuda on March 13, 2025. The move was aimed at increasing their tokenized money market activities and providing institutional investors looking for more industry regulation a new collateral option.
In the world of digital assets, regulation has sometimes presented difficulties, particularly with regard to openness and investor protection. Under a Bermuda license, Circle intends to give more legal clarity and boost market confidence in the tokenized financial instruments they offer.
