Morning Edition · Monday, November 2, 2026Published at 12:45 AM EST · New York
The change lets token issuers move assets between chains by burning and reminting them instead of using pooled bridges. It comes as Circle's freezes in the Binance case show how much control issuers keep over the tokens they mint.

Circle has extended its Cross-Chain Transfer Protocol (CCTP) to support issuer-operated ERC-20 tokens on Arc, its own blockchain. The October 30 developer update lets token issuers move assets between supported chains without separate bridg…
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Part of a tracked trend
Cross-Chain Designs Abandon Pooled Custody
Because pooled lockup contracts concentrate the losses, cross-chain transfer designs keep migrating away from locking assets and minting wrapped tokens toward schemes that prove control of addresses or settle atomically, so the competitive frontier in interoperability becomes custody structure rather than transfer speed or fee level.
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