Circle extends CCTP to issuer-run ERC-20 tokens on Arc, cutting bridge reliance
AI summary
Circle has extended its Cross-Chain Transfer Protocol to support issuer-operated ERC-20 tokens on Arc, letting developers move assets between supported blockchains without separate bridges or wrapped copies. The change, detailed in an October 30 developer update, reduces reliance on bridge infrastructure that has been a frequent target of exploits. Traders care because smoother native cross-chain movement could deepen liquidity and lower risk premiums for assets issued on Arc.
