Circle Introduces Gateway to Streamline USDC Transfers Between Blockchains

Introduction of Gateway: Circle has launched a platform called Gateway to address liquidity fragmentation issues faced by institutions using USDC across multiple blockchain networks.

Unified Balance Feature: Gateway allows users to maintain a single balance of USDC that can be utilized across various chains, including Arbitrum, Avalanche, Ethereum, and more, simplifying fund management.

Security and Control: The platform combines smart contracts with an off-chain attestation layer for secure transfers, requiring user signatures for fund movements and offering a recovery option if the API is offline.

Broader Impact on Digital Finance: This initiative is part of Circle's strategy to enhance USDC's integration into digital finance, alongside other projects like the Refund Protocol and the upcoming Arc blockchain for enterprise payments.