Crypto

Circle unveils 'USDC Bridge' for 1-to-1 transfers of native USDC between chains

Circle has unveiled an official cross-chain transfer service, 'USDC Bridge', to move native USDC between blockchains. The service is based on Circle's Cross-Chain Transfer Protocol, or CCTP, and transfers tokens using a 1-to-1 burn-and-mint method rather than wrapped or synthetic versions. Circle said fees are shown in advance and transfer status can be tracked, while destination-chain gas exchange is handled automatically.

Crypto

Strategy seeks twice-monthly dividends for popular STRC preferred shares

Strategy is seeking to split dividends on its STRC 'Stretch' series preferred shares into two payments a month. If approved, the annual dividend obligation and the current 11.5 percent dividend rate would remain unchanged. The company submitted proxy materials for the change, CoinDesk reported. Chairman Michael Saylor said the move aims to stabilise prices, ease cyclicality, expand liquidity and boost demand.