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.
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