The CIRCLE releases CCTP V2 in Solana to allow fast and safe crosschain USDC transmission.
Alisa Davidson
Post: June 20, 2025 10:35 AM Update: June 20, 2025 10:33 am
Edit and fact confirmation: June 20, 2025 10:35 am
simply
The CIRCLE starts the crosschain transfer protocol V2 in Solana, enabling the automation of smart contracts and the expanded multi -sine interoperability to transmit close USDC transmission.
Payment infrastructure provider and USDC Stablecoin issuing agency Circle announced the launch of the crosschain transmission protocol version 2 (CCTP V2) in the Solana blockchain and announced that it has expanded its stablecoin infrastructure in an additional network.
This integration enables fast crosschain USDC transmission, and settlement occurs within a few seconds. It also introduces support for smart contract hooks that maintain capital efficiency through native images and large -scale mechanisms that eliminate the need for liquidity pools or brokerage assets, while allowing customized transmissions. Security is maintained through the infrastructure of the circle without introducing a new trust family.
The current adoption of the integration includes applications and platforms such as 1 -click USDC, Intercrofit Finance and Router Protocol, and is expected to participate in a wider ecosystem.
Through this update, SOLANA joins the CCTP V2 support chain, including Arbitrum, Avalanche, Base, Ethereum, Linda, OPMENTISM Mainnet, Sonic and World.
What is CCTP V2?
CCTP is an onChain mechanism designed to facilitate the transmission of safe USDC in various blockchain networks through the default image and mint process. Developed by Circle, the protocol improves capital efficiency and reduces the need for brokerage trust when moving USDC between chains. CCTP supports the creation of a multi -to -one application that allows users to carry out a one -to -one USDC transmission between networks in a safe way.
This protocol is provided in two repetitions: CCTP V1 and CCTP V2. Both versions enable crosschain USDC transfer, but the functions are different. The CCTP V2 introduces additional features such as fast transmission, which reduces transaction time by ensuring that transmissions can occur faster than typical network finals, and provides developers with automation after crosschain transmission. These improvements are based on standard transmission functions already provided in CCTP V1.
CCTP V2 is based on a separate infrastructure with its own smart contract and application programming interface (API) and forms a separate network that is not compatible with V1 version. Nevertheless, developers can integrate both versions by maintaining cohesive user experience and expanding access to supported ecosystems.
Before the official rollout, Circle introduced a new free mint address to support USDC’s programming mining through CCTP. Through this infrastructure, the protocol allows you to start an USDC issuing efficiently within the Solana network. In the case of exchange and platforms that monitor SOLANA’s USDC circulation, the existing public API provided by the circle is functionally maintained and no modification is required.
In certain non -EVM chains such as Solana, Circle uses pre -gathering approaches. The address specified here has a USDC that is generated but not yet classified as part of the active circulation supply. This reserve remains inactive until the circle officially approves mining, and at this point it is part of the total supply of circulation.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More