$USDC and WETH are now available on Neo X through Chainlink’s CCIP-powered Transporter bridge, marking the first tokens configured for cross-chain transfer on the network’s CCIP integration. The activation opens the door for stablecoin and $ETH liquidity on Neo X, opening pathways for DeFi, trading, and application development across the ecosystem.
When NNT covered the initial CCIP MainNet deployment in May, the integration supported only arbitrary messaging with a single Neo X-Ethereum lane and no tokens configured for transfer. The Sept. 14 announcement changes that status, activating the token transfer functionality that had remained dormant since deployment.
Bridged $USDC and WETH
The tokens available through the integration are $USDC.e and WETH. $USDC.e is a bridged representation of $USDC, distinct from native Circle-issued $USDC. It is created through a lock-and-mint mechanism: $USDC is locked in a vault on the source chain, and $USDC.e is minted 1:1 on Neo X. To redeem, the process reverses: $USDC.e is burned on Neo X, releasing the locked $USDC on the originating chain. The “.e” suffix indicates Ethereum as the origin chain.
neonewstoday.com