Circle Adds Prepaid Fees to CCTP Fast Transfer

Circle has added prepaid fees to its CCTP Fast Transfer service, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients.

The previous payment method deducted protocol fees from the USDC minted for the recipient on the destination network, which could result in less than the entered transfer amount being received. The new prepaid model separates the transfer amount from the fee, allowing users to pay the related protocol charge separately on the originating network.

Developers can use the setup for the Fast Transfer fee, the Forwarding Service fee, or both. The process begins when an application requests a signed fee quote and submits it with the USDC burn transaction on the source blockchain.