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Circle Launches USDC and Cross-Chain Transfer Protocol V2 on Plume

Circle's new update facilitates seamless cross-chain transfers, expanding USDC's support to 27 blockchains and enhancing cross-chain capabilities via CCTP V2 on Plume.

USDC

Summary

Circle has launched USDC and the upgraded Cross-Chain Transfer Protocol (CCTP) V2 on Plume, enabling seamless cross-chain transfers. This expansion increases USDC's reach to 27 blockchains and facilitates secure transfers between 16 networks using CCTP V2, enhancing blockchain interoperability.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, used for payments and transfers on various blockchain networks.
  • Cross-Chain Transfer Protocol (CCTP) V2: An upgraded protocol by Circle that allows secure and seamless transfer of USDC between different supported blockchains.
  • Plume: A blockchain ecosystem where Circle’s USDC and CCTP V2 have been deployed, allowing cross-chain transactions within supported networks.