👀 Circle launches CCTP V2 on Arbitrum, accelerating cross-chain USDC transfers
Circle has just deployed CCTP V2 (Cross-Chain Transfer Protocol) on the Arbitrum network, allowing users to transfer, swap, and pay with USDC faster than ever.
With CCTP V2, transferring USDC between blockchains to Arbitrum now takes only a few seconds, while also supporting smart contract hooks for automatic processing after the transaction is completed.
This is an important step in improving the DeFi experience, expanding interoperability between chains, and enhancing the efficiency of stablecoin usage in the Arbitrum ecosystem.
