According to ChainCatcher, Circle has officially announced the launch of the USDC cross-chain transfer protocol between Ethereum and Avalanche. The protocol will destroy the tokens on the original chain and mint new tokens on the target chain when users cross chains. Circle said that cross-chain projects including Celer, Hyperlane, LayerZero, LI.FI, MetaMask, Wormhole, etc. will use this protocol in the future. (Source link)