Circle confirmed that a new v2.2 upgrade to USDC and EURC will add new features and sharpen the existing ones.
The stablecoin creator Circle, who also offers EURC and USDC, has released a big v2.2 update for these cryptocurrencies. This update, the first significant one since early 2021, intends to improve these stablecoins’ security and functionality on blockchains compatible with the Ethereum virtual machine.
One of the main enhancements in this update is the lower gas price, which is a big step toward more economical transactions. This is especially crucial for people who use the blockchain frequently and have been impacted by high costs.
Furthermore, by enabling more adaptable wallet structures, the update significantly advances the goal of streamlining user experiences by improving support for account abstraction.
With more steps taken to protect transactions, security—a crucial consideration for all digital transactions—gets a boost. The thorough assessment conducted by blockchain security company Halborn gives these improvements legitimacy and reassures users of the upgrade’s trustworthiness.
Six new modifications to the USDC and EURC smart contracts are included in the v2.2 update, which will be smoothly applied to all supported EVM blockchains.
Notably, this upgrade is fully backwards-compatible and introduces no disruptive changes, meaning that developers and users will not need to take any action to adapt.
Implementing signature validations for smart contract wallets, streamlining blocklist checks, and enhancing resistance to blockchain splits are some more improvements.
To simplify branding, the EURC will also temporarily rename itself from “EUROC.” Circle started rolling out the v2.2 improvements on November 9 and plans to finish the process in the upcoming months.
