cryptobriefing.com
Key Takeaways
- Bitlayer, a Bitcoin layer 2 network, has migrated to Chainlink CCIP as its cross-chain standard for transfers with Ethereum.
- CCIP now manages secure transfers for $BTR, $USDC, $USDT, $ETH, and wstETH between Bitlayer and Ethereum.
Bitlayer, a Bitcoin layer 2 network, has migrated to Chainlink CCIP as its cross-chain infrastructure for transfers between Bitlayer and Ethereum.
The Chainlink interoperability standard now handles secure transfers of Bitlayer’s native token $BTR, $USDC, $USDT, $ETH, and wstETH between the two networks. Bitlayer plans to make YBTC, its Bitcoin-pegged asset, cross-chain native via CCIP as the next development milestone.
The adoption of CCIP is designed to increase liquidity for Bitlayer’s ecosystem and expand Bitcoin decentralized finance capabilities.