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Moonwell Introduces ‘USDC Anywhere’ for Cross-Chain Lending and Borrowing

Moonwell has launched a new feature called “USDC Anywhere,” designed to facilitate the cross-chain lending and borrowing of the USD Coin stablecoin directly across various Ethereum networks. Following the launch on Feb. 14, a Moonwell blog post revealed that USDC Anywhere utilized Circle’s Cross-Chain Transfer Protocol (CCTP) and Socket technology. The new feature was designed to simplify the DeFi transaction process by enabling efficient and secure USDC transfers. USDC Anywhere provided users with simplified lending by automatically detecting USDC in their wallets across major Ethereum networks. The feature also enhanced cross-chain experiences by expanding users’ access to more platforms.

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