CCTP on Solana has an official date: March 26th. As a refresher, CCTP allows for the burning and minting of USDC when crossing chains, removing the need for any sort of bridge liquidity pools. This will also help intent based bridges like DeBridge market makers rebalance USDC faster and directly with Circle.
USDC is the largest stablecoin on Solana and this will probably keep widening the gap.
Protocols will also be able to integrate CCTP directly so users do not even need to use an official bridge UI. I’d recommend our ETHCC or Infra year ahead reports from last year where we discuss CCTP and its implications moving forward.
