- Additionally, internet computer unveiled ckUSDC, an interoperable stablecoin linked to Circle’s USDC, as its new inter-ecosystem token.
Dfinity Foundation has unveiled a new API named EVM RPC to improve cross-chain interoperability for Internet Computer (ICP) smart contracts.
Without the need for middlemen, EVM RPC enables ICP smart contracts to read and write on any chain that is compatible with the Ethereum Virtual Machine, including Base, Arbitrum, and Optimism. The API will soon be available in Solana and supports the Bitcoin blockchain as well.
With the help of this API, developing multi-chain dApps is made easier as wrapped tokens and bridges are no longer necessary. Via the network API keys, it enables native chain interactions and liquidity facilitation.
Stablecoin that is compatible
According to Dfinity Foundation, the introduction of ckUSDC, an interchangeable stablecoin on the ICP network that is 1:1 tied to Circle’s USDC stablecoin, has been made easier by the new API.
Based on data from CryptoSlate, USDC is the second-largest stablecoin, with a market valuation of $32.83 billion.
A multi-chain “twin” of USDC, the ckUSDC coin makes use of ICP smart contracts and chain-key cryptography to hold original assets directly.
Like ckBTC and ckETH, and other inter-ecosystem tokens from ICP, it functions in a similar way.
IC Lighthouse, ICPSwap, and Helix Markets are just a few of the well-known projects that have used ckUSDC since its introduction, indicating the growing need for this kind of coin.
The introduction of ckUSDC and the new read/write APIs, according to DFINITY’s Growth President Lomesh Dutta, would encourage additional growth within the ICP ecosystem.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
