Mind Network Unveils First Encrypted Cross-Chain $USDC Layer with Circle and Chainlink

Mind Network, a pioneers Fully Homomorfe Coding (FHE) Infrastructure platform, has announced a new project to improve cross-chain $ USDC transfers in collaboration with Circle and Chainlink. The collaboration includes the release of the earliest coded layer for $ USDC transfers about chains during the use of FHE. The platform unveiled this initiative in a recent X post.

Mind Network works together with Circle and Chainlink to develop encrypted layer for $ USDC transfers

The newest innovation from Mind Network takes into account the implementation of the fully homomorphic coding (FHE) technology for the Cross -Chain Transfer Protocol (CCTP). The integration makes it possible to encrypt privacy, conforming and encrypted $ USDC transactions over different block chains. This does not require adjustments to the current CCTP infrastructure. With the unique FHE-based coding, Mind Network Settings and Consumers allow $ USDC transactions between different ecosystems such as Arbitrum, Polygoon and Ethereum. At the same time, the sensitive transfer data, including token quantities and portfolio addresses, remain completely confidential.

The most important element of this initiative is the integration of Mind Network with the CCIP from Chainlink. It serves as the core transport layer of CCTP and deals with the relay of burning and mining instructions of $ USDC between block chains. In addition, the overlay of Mind Network effectively codes such instructions effectively without making shifts in the canonical logic of the protocol. As a result, CCTP can usually work while the metadata at the transfer level fades when it comes to public image.

This aim is specifically crucial for developers and institutions. By combining FHE and zero knowledge destinations, Mind Network supplies tools to make conforming privacy possible. This leads to verifiable transactions that meet regulatory standards without revealing private details. Apart from that, settings may configure the system, making selective disclosure possible in line with specific audit or legal conditions. In this respect, the initiative maintains both confidentiality and transparency.

Provide confidential and conforming Defi transfers on polygon, arbitrum, ethereum and more

According to Mind Network, the remarkable user scenarios of the unique encrypted $ USDC transfer include confidential Defi transfers. In addition, the project also includes institutional treasury activities and on ZKP -based compliance. Similarly, it takes into account programmable disclosures of privacy and stealth addressing. Moreover, the regulation of the real assets about chains is a different advantage of this development. Currently, the encrypted Bridge of Mind network is already working on Polygon, Arbitrum and Ethereum. Moreover, it will soon support more chains based on the expansion of CCIP.