Circle unveils CCTP V2 for seamless USDC crosschain transfers with Stellar
The upgrade enables seamless USDC movement across Stellar and other blockchains without wrapped tokens or bridge risks.
Key Takeaways
- Circle's CCTP V2 now supports the Stellar blockchain, allowing direct USDC transfers between Stellar and other networks.
- CCTP V2 eliminates the need for wrapped tokens or traditional bridges, reducing security risks in cross-chain transactions.
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Circle’s Cross-Chain Transfer Protocol Version 2 (CCTP V2) now supports Stellar, the decentralized blockchain platform designed for cross-border payments. Today’s integration enables seamless USDC transfers between Stellar and other blockchain networks.
CCTP V2 allows users to move USD Coin, the stablecoin pegged 1:1 to the US dollar, across different blockchains without requiring wrapped tokens or traditional bridges that can introduce security risks.
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