Circle to Reduce CCTP V1 Limits and Plans to Deactivate Contracts by December 1

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Circle announced on October 31 that it will reduce the limits for the CCTP V1 USDC cross-chain protocol, citing CFT compliance measures, and plans to deactivate the contracts on December 1. The Noble chain will not adopt the new version. Circle also stated it will suspend USDC contracts and cross-chain routes on January 12, 2027. Users on Noble must move their USDC before that date. A snapshot will be taken, followed by a redemption process beginning January 13, which requires compliance checks and self-custody wallets. Risk-on assets such as USDC remain under regulatory scrutiny.

According to Huoxing Finance, Circle will begin reducing the limits on the legacy USDC cross-chain protocol, CCTP V1, starting October 31, and plans to suspend the contract on December 1. Additionally, the Noble chain will not be integrated with the new CCTP. Circle intends to suspend its USDC contract and all remaining cross-chain routes on January 12, 2027. Holders of USDC on Noble must withdraw their tokens before this date; Circle will take a snapshot of remaining balances on the suspension date and begin manual redemptions starting January 13. Applicants must meet compliance and security requirements, and their assets must be held in self-custodied wallets.

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