DFINITY Foundation, the team behind the Internet Computer blockchain, has introduced two key innovations: the EVM RPC and a new stablecoin, ckUSDC.
These advancements are designed to enhance blockchain interoperability and expand the use of decentralized finance (DeFi) within their ecosystem.
The new EVM RPC (Ethereum Virtual Machine Remote Procedure Call) enables Internet Computer smart contracts to interact seamlessly with any blockchain that supports the Ethereum JSON-RPC protocol.
According to Lomesh Dutta, VP of Growth at DFINITY, this development marks a significant milestone, known as Tritium, which simplifies the creation of multi-chain decentralized applications (dApps).
Using JSON-RPC, a standardized protocol for communication across different systems, allows developers to build applications that easily interact with blockchains such as Optimism, Arbitrum, and Base.
The EVM RPC allows developers to integrate more Ethereum-compatible blockchains as needed, making it easier to build versatile and interoperable dApps.
Early adopters like IC Lighthouse and Helix Markets have already reported positive experiences, noting the new tool’s potential to streamline operations and enhance integration across various networks.
DFINITY also launched ckUSDC, a stablecoin pegged to the US Dollar Coin (USDC), integrated directly into the Internet Computer network.
Known as a “twin token,” ckUSDC offers the usual benefits of stablecoins, such as being a reliable medium of exchange and store of value. Additionally, it supports faster transactions and lower costs thanks to the efficiencies of the Internet Computer (ICP).
The introduction of ckUSDC is set to increase liquidity and foster a more interconnected blockchain environment. It supports various trading pairs like ckBTC/ckUSDC, ckETH/ckUSDC, and ICP/ckUSDC, allowing secure and efficient transactions across different chains.
DFINITY encourages further adoption by inviting community proposals for additional ERC20 twin tokens on the Internet Computer network.