According to BlockBeats, on July 3, Ava Labs announced the launch of the Avalanche Interchain Token Transfer (Avalanche ICTT) solution. The solution uses Teleporter and Avalanche Warp Messaging underlying technologies to support seamless cross-chain USDC and BTC tokens between various L1s (previously called subnets) on Avalanche. Avalanche ICTT also allows any developer to customize L1 using their own ERC-20 as a Gas token.