Circle's previous version, CCTP V1, remains operational on 11 blockchains and has processed over $36 billion in transactions since launching in 2023

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Circle's previous version, CCTP V1, remains operational on 11 blockchains and has processed over $36 billion in transactions since launching in 2023

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Circle said CCTP V2 will initially be available for developers working on Avalanche, Base and Ethereum, but the plan is to add support for more blockchains as the year progresses. "CCTP V1 will remain available on 11 blockchains," Circle said, adding that since launched in 2023, "CCTP has facilitated more than $36 billion in transaction volume."

CCTP, introduced in 2023, is designed to move digital assets across blockchains without relying on traditional liquidity pools and third-party liquidity providers. Since its debut, the protocol has handled over $36 billion in transaction volume, according to Circle.

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