#CircleIPO

In May, Circle achieved a new milestone: its Cross-Chain Transfer Protocol (CCTP) moved $7.7 billion in USDC across different blockchains. This volume marks a historical record and represents an 83.3% growth compared to the previous month.

The CCTP was launched in 2023 as a tool to facilitate the smooth transfer of USDC between different networks. Since then, Circle has incorporated it into several major blockchains, allowing it to strengthen the interoperability of its stablecoin.

Additionally, active addresses of stablecoins also reached a record, hitting $33.1 million in the same month. This reflects a growing demand for both stablecoins and solutions that streamline their use.