Circle revolutionizes crosschain transactions: CCTP V2 shortens USDC transfers to seconds and receives important permits in Dubai and Thailand

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Von: Krypto News Österreich

CCTP V2 von Circle: Revolutionäre Fortschritte bei USDC-Crosschain-Transfers Die Welt der digitalen Finanztransaktionen steht vor einer wesentlichen Veränderung. Mit der Einführung des Cross-Chain Transfer Protocol Version 2 (CCTP V2) hat Circle die Zeit, die benötigt wird, um USDC zwischen verschiedenen Blockchains zu transferieren, drastisch reduziert. Waren es zuvor bis zu 15 Minuten, so gelingt dies nun in wenigen Sekunden. Diese Verbesserung betrifft sowohl Ethereum- als auch Layer 2-Netzwerke und stellt einen bedeutenden Fortschritt in der Effizienz digitaler Zahlungen dar. CCTP V2: Der Crosschain Traffic-Turbo Früher waren Transaktionen mit USDC zwischen Blockchains wie Ethereum und verschiedenen Layer 2-Lösungen oft zeitaufwändig. Mit …
CCTP V2 by Circle: Revolutionary progress in USDC Crosschain transfers The world of digital financial transactions faces a significant change. With the introduction of the cross-chain transfer Protocol version 2 (CCTP V2), Circle has drastically reduced the time that is needed to transfer USDC between different blockchains. If it had been up to 15 minutes before, this succeeds in a few seconds. This improvement affects both Ethereum and Layer 2-networks and represents significant progress in the efficiency of digital payments. CCTP V2: The Crisschain Traffic Turbo In the past, transactions with USDC were often time-consuming between blockchains such as Ethereum and various layers. With … (Symbolbild/KNAT)

CCTP V2 by Circle: Revolutionary progress in USDC-cross-transfers

The world of digital financial transactions faces a significant change. With the introduction of the cross-chain transfer Protocol version 2 (CCTP V2), Circle has drastically reduced the time that is needed to transfer USDC between different blockchains. If it had been up to 15 minutes before, this succeeds in a few seconds. This improvement affects both Ethereum and Layer 2 networks and represents significant progress in the efficiency of digital payments.

CCTP V2: The Crisschain Traffic Turbo

In the past, transactions with USDC between blockchains such as Ethereum and various layers were often time-consuming. With CCTP V2 it is now possible to move funds in real time. Users no longer have to wait long for confirmation of their transactions, which represents a significant relief.

The functionalities of CCTP V2 are based on two main features. The so -called "almost transfer" enables the rapid shipping of USDC, while the "Hooks" allow developers to set up automatic processes after a transfer. For example, this opens up the possibility of automatically managing funds or acting directly with assets without having to fall back on middlemen.

circle obtains legal status in Dubai

Another important step for circle is the approval of USDC and EURC by the Dubai Financial Services Authority (DFSA). This regulatory clarity strengthens Circle's position in the Dubai International Financial Center (DIFC), one of the most important financial centers worldwide. Dante Dispafen, Chief Strategy Officer from Circle, emphasized that this approval is part of a comprehensive initiative that aims to promote acceptance of regulated stable coins.

This type of regulation is of crucial importance for the market, since it strengthens trust in digital currencies such as USDC and thus not only benefits circle, but also to the entire crypto sector.

USDC receives approval in Thailand

In addition to the progress in Dubai, the Thai securities and stock exchange supervisory authority (SEC) recognized USDC on March 10, 2025 and USDT as digital assets approved for trade. Previously, the approved digital assets in Thailand only consisted of Bitcoin (BTC), Ethereum (ETH), XRP, Stellar (XLM) and some other tokens.

This decision can be seen as a step towards a broader acceptance of USDC in Thailand. This means that users have more selection options in dealing with stable coins, which again shows that the regulatory authorities have recognized the increasing value of digital assets in the modern financial system.

Circle: Not only dependent on stable coins

Circle expands beyond the limits of USDC. On January 21, 2025, the company announced the takeover of Hashnote and the introduction of the USYC TOKENIZED MONEY Market Fund. The aim is to quickly expand its market presence in the field of digital assets.

Two days after this announcement, Circle once again aroused the interest of the industry with the introduction of Paymaster, a product that enables users to connect with decentralized applications by using only USDC without needing the native tokens of the blockchain.

These innovations demonstrate Circle's claim not only to position themselves as a issuer of stable coins, but as a comprehensive provider of blockchain-based financial infrastructure.

Overall, Circle is there as a pioneer in the promotion of acceptance and use of digital assets and shows that changes in the financial landscape are no longer just a question of progress, but also of regulatory support.