Circle adds prepaid fees to CCTP Fast Transfer

Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s native gas token. Circle’s Quote API combines supported protocol fees into one signed, time-limited quote. Upfront fees require an EVM source chain, although transfers can still end on supported non-EVM networks. CCTP collects transfer fees before burning USDC Circle’s official developer documentation says the process begins when an application requests a signed fee quote and submits it with the USDC burn transaction on the source blockchain. Under the previous payment method, protocol fees could be deducted from the USDC minted for the recipient on the destination network. A user sending a set amount could therefore receive less than the figure entered at the start of the transaction. The prepaid model separates the transfer amount from the fee. Once the transaction has been submitted, a CCTP smart contract checks the signed quote, co...