Circle has introduced CCTP V2 as the new standard for cross-chain transfers of $#USDC, while CCTP V1 will begin its deprecation phase on July 31, 2026. The transition to CCTP V2 aims to enhance the efficiency and reliability of cross-chain transactions. As part of this update, users are encouraged to migrate to the new version to ensure continued support and functionality. Circle’s decision reflects a commitment to improving its services and adapting to the evolving needs of its users. The deprecation of CCTP V1 marks a significant shift in Circle’s approach to cross-chain transfers, emphasizing the importance of adopting the latest technology.
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