OKX And Circle Introduce New Cross-Chain Transfer Protocol For Seamless USDC Trading
- OKX and Circle have launched new USDC features for seamless trading experiences.
- The features enable USDC transactions without network fees and provide cross-chain utility.
- OKX DEX aggregator now supports Ethereum, Avalanche, Arbitrum, and OP Mainnet ecosystems.
OKX and Circle announce new USDC features allowing feeless transactions, cross-chain utility, and seamless trading experiences.
OKX and Circle Internet Financial recently announced the launch of their new USDC features on the OKX Wallet and the OKX DEX aggregator. The features allow USDC transactions without network fees and integration of the OKX DEX aggregator with Circle’s Cross-Chain Transfer Protocol.
The USDC Zero Network Fee Campaign, which will run from September 7 to October 5, 2023, enables OKX Wallet’s Smart Account users to conduct USDC transactions without network fees. The feature is powered by account abstraction technology and enables seamless transactions across multiple blockchains using stablecoins like USDC. Users can also exchange USDC across various networks via the built-in swap feature.
The integration of the OKX DEX aggregator with Circle’s CCTP enables USDC to move natively between blockchains, providing cross-chain USDC utility across Ethereum, Avalanche, Arbitrum, and the OP Mainnet ecosystems. As new CCTP routes become available, the OKX DEX aggregator is expected to support additional blockchains for USDC cross-chain functionality.
According to OKX Chief Innovation Officer Jason Lau, he believes that the new features will provide an even better experience for users as they interact and transact using USDC. Chief Strategy Officer and Head of Global Policy of Circle Dante Disparte believes that the new features will improve access to DeFi with CCTP and innovative gas abstraction features built on USDC.
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