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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.

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Circle Upgrades Cross-Chain Transfer Protocol Promising Near-Instant USDC Settlements

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CCTP V2 introduces new smart contracts and APIs aimed at improving cross-chain transactions

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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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