Circle and Noble bring native USDC to Cosmos via CCTP

USDC’s CCTP is coming to Cosmos, and it’s already live on testnet

article-image

FOTOGRIN/Shutterstock modified by Blockworks

share

Native USDC on Cosmos is getting an upgrade.

Circle, the issuer of USDC, announced today at the Cosmoverse conference that the company will implement its cross-chain transfer protocol (CCTP) with Noble, a Cosmos-based token protocol.

Circle’s engineering director Marcus Boorstin demonstrated the use of CCTP for USDC transfers on the Cosmoverse main stage, moving funds in a testnet environment from Avalanche to Noble using Metamask.

This will be the first time CCTP is integrated with a non-Ethereum Virtual Machine (EVM) chain, Boorstin said.

Noble co-founder Jelena Djuric noted that simplicity is a key feature of the design, with USDC transfers possible in “basically one-click.”

As Noble itself is integrated with the Cosmos Inter-blockchain communication protocol (IBC), CCTP’s functionality will be extended to all Cosmos chains that are connected to IBC, removing the need for bridges when transacting USD Coin (USDC). 

Additionally, users who currently own USDC on EVM chains can send their tokens to Cosmos chains that are integrated with IBC without using a bridge, Noble co-founder Stefan Coolican told Blockworks.

“What you’ll be able to do with CCTP when it’s live is you’ll be able to send it to a burn address on Ethereum, where Circle’s API is watching and will issue an attestation of burn that gets relayed to the destination chain,” Coolican said.

“It’s a fast, cost-efficient way of getting native USDC into whatever application you’re building on Cosmos,” Coolican added.

A testnet will be available for ecosystem participants who are eager to test out CCTP’s cross-chain functionality, ahead of the official mainnet later this month.

USDC is currently the second-largest stablecoin by market cap, and it currently has a circulating supply of almost $25 billion, according to DeFiLama. Roughly $20 billion of this amount is on Ethereum. The Cosmos ecosystem itself does not currently have a large stablecoin market. It has been live on Cosmos mainnet since September 12.

“Noble’s role as an asset issuance hub for Cosmos enables USDC to proliferate seamlessly throughout the ecosystem via IBC,” Rachel Mayer, VP of product at Circle, told Blockworks. “With CCTP coming to Noble, we’re able to solve interoperability for Cosmos with Ethereum and several other blockchain networks, enabling developers to onboard users with USDC to their appchains from outside the ecosystem.”

Updated Oct. 3, 2023 at 6:27 am with additional context.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

The Stripe-acquired firm has big plans for a streamlined, multi-wallet future

article-image

Both founders of the former crypto lender have now landed in new crypto industry roles

article-image

Bitcoin’s recent peak is a victory lap for curvers left and right

article-image

Securitize CEO Carlos Domingo says institutions are eager to get exposure to tokenization

article-image

Trade isn’t war and prosperity isn’t a contest