CCTP from Chainlink is now live on @SeiNetwork. Here's what you need to know:
FYI: The @chainlink CCTP (Cross-Chain Transfer Protocol) is a secure, decentralized protocol enabling native token transfers (mainly USDC) across networks using a burn-and-mint mechanism.
Fun fact: CCTP was developed in collaboration with Circle.
Here's the bigger picture:
+ Sei now has direct access to the $63.33b USDC market cap without the need for wrapping or third-party bridging. For context:
USDC cap on Ethereum: $28.75b
USDC cap on Sei: $221b
➜ A significant gap to bridge.
+ Cross-chain transactions through Sei are secured by CCTP, which already protects over $18t in volume.
+ CCTP and GIGA are perfectly aligned, enhancing DeFi, Gaming, and Payments on Sei.
A new era in the money market is emerging on Sei.
Sei and @Chainlink CCIP support seamless cross-chain asset flows through a secure oracle network that's enabled $18T+ in on-chain transaction value.
The fastest L1 is connected to the institutional standard for on-chain finance.
Markets Move Faster on Sei. ($/acc)
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