# USDC Payments

Hello, Stable & Simple Payments!&#x20;

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.

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## &#x20;CCTP (Cross-Chain Transfer Protocol)

Think of CCTP as the secure, high-speed wire service that connects all these *crypto "banks"* instantly.

| CCTP Concept                         | What It Means for You                                                                                                                                                       |
| ------------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| 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.                                                                                                 |

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## 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).
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## 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.

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For more details about Circle's CCTP, checkout [their docs](https://developers.circle.com/cctp/cctp-faq).

*P.S. Yes, these smart contracts have been audited multiple times by top security firms!*
