San Francisco, California-- Agoric, the layer 1 blockchain designed for multi-chain orchestration, and Noble, the premier RWA issuance chain in the modular ecosystem, announced on March 18 that Fast USDC is now live on Noble Express, enabling rapid cross-chain transfers of USDC from Ethereum and other EVM-compatible chains into the $1.48 billion Cosmos ecosystem. This new solution drastically reduces transfer times from 18+ minutes to under 1 minute, enhancing the user experience and facilitating smoother Web3 onboarding.
What is Fast USDC, and how does it work?
Fast USDC leverages Agoric’s Orchestration smart contract combined with Noble’s architecture to enable the fast and seamless cross-chain transfer of USDC. The integration of Circle’s Cross-Chain Transfer Protocol (CCTP) with Agoric’s orchestration capabilities allows for rapid and secure transfers of USDC between Ethereum, EVM chains, and Cosmos, benefiting the broader $218 billion stablecoin market. Fast USDC operates entirely on-chain using Agoric’s programmable Orchestration contracts, advancing USDC to users from a separate decentralized Liquidity Pool, ensuring rapid transfers that are fully verifiable and secure. Fast USDC also leverages Noble’s architecture to maintain transparency and reduce the risk of errors or delays associated with traditional cross-chain transfers.
Why does it matter?
Fast USDC addresses one of the biggest challenges in the Web3 ecosystem: slow cross-chain transfers. Conventional methods of transferring stablecoins can take up to 20 minutes, primarily due to finality challenges on some blockchains, which cause delays and degrade the user experience for those accustomed to faster transactions. These delays have been a significant barrier for users and developers seeking fast, seamless experiences. With Fast USDC, Agoric and Noble reduce this time to less than 1 minute, enabling a much smoother user experience and bringing decentralized applications closer to the usability of mainstream applications.
What does this mean for builders?
Fast USDC is powered by an Agoric Orchestration contract, which can be expanded on to provide users with additional cross-chain use cases requiring just a single user signature. Beyond speed, Fast USDC eliminates the friction that traditionally slows down critical transactions, unlocking new financial applications and boosting efficiency. The integration of Agoric Orchestration ensures that transactions are automatically processed and capital deployed immediately upon USDC arrival, enhancing the automation and profitability of DeFi protocols. It’s not just about moving money faster—it’s about making money move smarter.
What is the impact?
Available across major blockchain platforms, Fast USDC will enable faster, more efficient transfers that will improve the overall usability of blockchain applications. By launching on Noble Express, Fast USDC is providing users with a streamlined solution for cross-chain transfers, playing a key role in accelerating the adoption of decentralized applications and making blockchain technology more scalable and accessible to users worldwide.
