TechFlow reports that on December 9, Circle, the issuer of the USDC stablecoin, announced it will launch the upgraded cross-chain transfer protocol CCTP V2 on the Ethereum mainnet, Base, and Avalanche in early 2025. The new version will significantly enhance the efficiency of USDC cross-chain transfers, enabling second-level settlement—a major improvement over the current minute-level settlement. Circle stated that it will secure all cross-chain transactions, with plans to expand support to additional blockchain networks in the future.
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