DFINITY launches API to enhance blockchain interoperability

DFINITY Foundation, known for its work on the Internet Computer blockchain, announced the launch of EVM RPC and new stablecoin ckUSDC on May 22.

The innovations aim to promote interoperability across multiple blockchains and expand decentralized finance (defi) service within the ecosystem.

“Reaching the Tritium milestone with EVM RPC enables Internet Computer smart contracts to read and write to any blockchain that supports the Ethereum JSON-RPC protocol,” said Lomesh Dutta, VP of Growth at DFINITY.

JSON-RPC or JavaScript Object Notation-Remote Procedure Call is a coding protocol for sending commands and receiving responses between different operating systems in a standard way. It encodes messages using JSON, a lightweight data format.

With the new announcement, DFINITY’s EVM RPC simplifies the development of multi-chain decentralized applications (dApps) by allowing direct interaction with blockchains such as Optimism, Arbitrum and Base. Developers can add more EVMs as needed.

By launching these products, DFINITY aims to improve the interoperability and liquidity of blockchain by bridging various communities. Early feedback from adopters such as IC Lighthouse and Helix Markets highlighted the potential to simplify operations and integration between different networks.

DFINITY also launched ckUSDC, a stablecoin pegged directly to USDC and integrated into the Internet Computer network.

As a “twin token,” ckUSDC serves as a medium of exchange and store of value, offering typical stablecoin benefits such as faster transactions and lower costs inherent to the Internet Computer (ICP). It enables secure transactions between different chains by supporting trading pairs such as ckBTC/ckUSDC, ckETH/ckUSDC and ICP/ckUSDC.

DFINITY aims to encourage greater adoption of ckUSDC among developers and users by allowing community bids for additional ERC20 twins on the Internet Computer network.