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Circle launches CCTP V2, reducing the time for USDC Cross-Chain InteractionSettlement to a few seconds
In a Foresight News update, Circle announced a protocol update, stating that its newly launched Cross-Chain Interaction transmission protocol V2 will be improved based on CCTP V1, shortening the Settlement time of Cross-Chain Interaction transactions from 'an average of 13 to 19 minutes for typical blockchain transactions' to just a few seconds using a new set of Smart Contracts and APIs.