Mar 11, 2025
Circle's CCTP V2 Boosts USDC Transfers: Near-Instant Settlements Across Blockchains
Circle has launched CCTP V2, an upgraded version of its Cross-Chain Transfer Protocol, streamlining USDC transfers across blockchains. This enhancement significantly reduces transaction times to mere seconds, a substantial improvement from the previous 13-19 minutes typically seen on Ethereum and its Layer 2 networks. Introduced in 2023, CCTP facilitates digital asset movement between blockchains…