USB 3.2 is a standard for connecting devices that offers faster data transfer speeds compared to its predecessors. It can achieve speeds of up to 20 Gbps, allowing for quicker file transfers and improved performance for high-bandwidth applications like video editing and gaming. This standard supports multiple data lanes, meaning it can send and receive data simultaneously. USB 3.2 is backward compatible with earlier versions, such as USB 3.0 and USB 2.0, ensuring that older devices can still connect without issues.