Key takeout
- Circle's CCTP V2 supports star blockchains, allowing direct USDC transfers between the stars and other networks.
- CCTP V2 eliminates the need for wrapped tokens or traditional bridges, reducing the security risks of cross-chain transactions.
Circle's Cross-Chain Transfer Protocol Version 2 (CCTP V2) now supports Stellar, a decentralized blockchain platform designed for cross-border payments. Today's integration allows for seamless USDC transfers between Stellar and other blockchain networks.
CCTP V2 allows users to move USD coins. This locked 1:1 to US dollars on different blockchains without the need for wrap tokens or traditional bridges that could introduce security risks.
