According to TechFlow, Ava Labs announced the launch of Avalanche Interchain Token Transfer (Avalanche ICTT), providing developers with a secure and efficient solution for deploying token transfer contracts on Avalanche.
Avalanche ICTT enables seamless bridging of tokens such as USDC and BTC between Layer 1 (L1) blockchains through pre-built, thoroughly audited, and permissionless smart contracts, saving time and resources while ensuring the security and standardization of cross-chain transactions. Multiple L1s will integrate Avalanche ICTT through AvaCloud.