Circle launched Cross-Chain Transfer Protocol V2 (CCTP V2), reducing USDC cross-chain transaction settlement times from an average of 13-19 minutes to seconds

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Circle has launched Cross-Chain Transfer Protocol V2 (CCTP V2), significantly improving USDC cross-chain transactions by reducing settlement times from an average of 13–19 minutes to just seconds.

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12:00am, Tuesday, March 11, 2025

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Circle has launched an upgraded version of its Cross-Chain Transfer Protocol (CCTP V2), reducing transaction times to seconds from the typical 13-19 minutes on Ethereum and its Layer 2 networks, the firm said.

Circle has launched on Tuesday the upgraded version of its Cross-Chain Transfer Protocol (CCTP V2), a tool that facilitates USDC transfers across blockchains. The company said that the upgrade significantly cuts down transaction times to seconds from the typical 13-19 minutes on Ethereum and its Layer 2 networks.

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