Key takeout
- Bitlayer, a Bitcoin Layer 2 network, has moved to ChainLink CCIP as a cross-chain standard for transfers using Ethereum.
- CCIP manages the secure transfer of BTR, USDC, USDT, ETH and WSTETH between Bitlayer and Ethereum.
Bitlayer, a Bitcoin Layer 2 network, has moved to ChainLink CCIP as a cross-chain infrastructure for transfers between Bitlayer and Ethereum.
Chain Link Interoperability Standard now handles secure transfers of Bitlayer's native tokens BTR, USDC, USDT, ETH, and WSTETH between two networks. Bitlayer plans to create YBTC, a native Bitcoin-covered asset via CCIP, as its next development milestone.
The adoption of CCIP is designed to increase the liquidity of the Bitlayer ecosystem and expand the Bitcoin decentralized finance capabilities.
