Circle Completes Upgrade of USDC Stablecoin to Version 2.2: Improvements Include Gas Efficiency and Fork Resilience

Circle, the stablecoin company, has successfully upgraded its USDC stablecoin to version 2.2. This upgrade introduces several improvements, including enhanced gas efficiency, support for account abstraction and smart contract wallets, and increased resilience in dealing with forks. The changes aim to reduce transaction costs for various USDC operations, with estimated savings ranging from 3-7%. Additionally, the upgrade allows USDC to be managed by smart contract wallets, supporting initiatives for account abstraction. Circle CEO Jeremy Allaire highlighted the successful completion of the upgrade, emphasizing the seamless process for a protocol that has handled trillions in transactions.