USDC Payments
Hello, Stable & Simple Payments!
USDC is key to PIVY because it's like a stable, global dollar that works across many different blockchains. This means you can easily pay or get paid, even if you and your friend are using totally different networks!
Problem solved: Imagine you have money in one bank, but your friend uses a totally different bank. Getting your money from Bank A to Bank B can be slow and expensive. In the crypto world, every blockchain is a different "bank." Before CCTP, moving your money (USDC) between them was slow, complicated and requires third-party services.
CCTP (Cross-Chain Transfer Protocol)
Think of CCTP as the secure, high-speed wire service that connects all these crypto "banks" instantly.
Supported Blockchains
PIVY can move your USDC between any chain supported!
Native Burn & Mint
When you send USDC, it's instantly destroyed on the source chain and a 1:1, authentic USDC is created on the destination chain. This is the most secure way to move assets.
Capital Efficiency & Great Liquidity
No locked funds or middle-men. Your USDC is always 100% real and available.
Key Takeaways for Newbies
1:1 Transfers Only: You always get the exact amount of USDC you send.
Simple & Secure: CCTP is a special, audited utility built by Circle themselves to make transfers easy and trustless (meaning you don't have to trust a middleman).
CCTP Fees
Heads up to the sender! Small fees are charged to the source blockchain to complete the transfer:
Gas fee is charged on both the sending and receiving chains. PIVY handles this behind the scenes.
For super-fast transfers, aka CCTP V2, a small additional fee based on the amount is collected when your USDC is minted on the destination chain.
For more details about Circle's CCTP, checkout their docs.
P.S. Yes, these smart contracts have been audited multiple times by top security firms!
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