Circle trims USDC cross-chain settlement time down to seconds with protocol update
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Circle launched Cross-Chain Transfer Protocol V2
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According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”
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"CCTP V2 reduces the barriers that have hindered the fluid movement of digital dollars between supported blockchains," said Nikhil Chandhok, chief product officer of Circle, in the statement. "CCTP V2 gives developers greater flexibility to tailor cross-chain transactions to their specific needs and unlocks low-latency use cases in crypto capital markets, effectively abstracting away cross-chain complexities for developers and their users."
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