#Circle扩大IPO规模

Dependency on third-party exporters (bridges and base bridges) between chains – Before CCTP, users had to rely on third-party bridges to move USDC between chains. If these exporters faced security breaches or operational downtime for maintenance, users could experience significant losses, and the reputation of the stablecoin could be at risk. For instance, a compromised bridge could issue an uncontrolled amount of wrapped USDC, leading to significant user losses and potentially affecting the entire blockchain ecosystem. CCTP eliminates the need to rely on these third-party assets as users can trust Circle directly when they hold stablecoins.

Liquidity pools present inefficiencies – A common method for transferring USDC between chains involves liquidity pool-based bridges. In simplified terms, these bridges incentivize liquidity providers (LPs) to deposit significant amounts of USDC into smart contracts across various chains. Users wishing to bridge USDC pay a fee to these LPs, who then lock and unlock stablecoins from this collective pool on behalf of the users. While LP-based bridges provide benefits to users by granting access to native stablecoins without the need for wrappers, the cost of incentivizing LPs to contribute to the bridge is ultimately borne by the protocol and, therefore, the end user. Moreover, the volume of stablecoins that can be bridged at any given time is limited by the amount present in a particular pool.