Circle adds prepaid fees to CCTP Fast Transfer

Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. CCTP collects transfer fees before burning USDC Circle’s official developer…

• Circle's CCTP Fast Transfer now supports upfront fee payments, allowing developers to collect fees on the source network before burning USDC.
• This new model ensures recipients receive the full intended amount of USDC, separating transfer value from protocol fees.
• Fees can be paid in USDC or the source blockchain's native gas token, with an EVM-compatible source chain required for this feature.

Topics: Asset types, Infrastructure providers, Payment system integration, Stablecoins digital cash, Tokenization platforms, Stablecoin payments remittances

Tags: #circle #usdc #cctp #fasttransfer #crosschain #fees #quoteapi #evm #tokenmessenger #burnandmint

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What is USDT0? The dollar that says it is not wrapped

The world’s largest stablecoin now travels between blockchains as USDT0, a version its builders insist is not a wrapped token, while its mechanics lock collateral in an Ethereum vault and mint claims elsewhere. Here is how it actually works, who…

• USDT0 is Tether's omnichain version of USDT, utilizing LayerZero's OFT standard to operate on blockchains without native Tether contracts, by locking USDT on Ethereum and minting USDT0 on destination chains via a burn-and-mint mechanism.
• Operated by Everdawn Labs under license from Tether, the system's trust stack includes Tether's reserve risk, the Ethereum lockbox contract, LayerZero's verification layer, and Everdawn's operational competence.
• USDT0 is presented as distinct from wrapped tokens due to its canonical nature, single collateral pool, and issuer alignment, though it still relies on contracts, messages, and verifiers, making its security dependent on the integrity of these components.

Topics: Asset types, Blockchain usage, Integration with defi, Stablecoins digital cash, Layer 2 scaling, Rwa collateral lending

Tags: #usdt0 #tether #layerzero #omnichain #stablecoin #ethereum #everdawnlabs #burnandmint #lockbox #dvns

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