Circle launches USDC and EURC stablecoins on Plasma blockchain

Circle has launched its native USDC and EURC stablecoins on Plasma, a Layer 1 blockchain specifically designed for stablecoin-focused applications such as payments, decentralized finance, and treasury management.

The integration includes Circle’s Cross-Chain Transfer Protocol (CCTP) and Bridge Kit. CCTP enables the movement of USDC by burning tokens on a source chain and minting them on a destination chain, which avoids the need for liquidity pools or wrapped token representations. The Bridge Kit is designed to allow developers to integrate cross-chain transfers with minimal code.

Plasma is positioned as a purpose-built network for high-volume, low-cost stablecoin transfers. The deployment provides institutional traders and developers with fiat on/off-ramps, API functionality, and the ability to integrate both dollar and euro-denominated digital assets into Plasma-based applications.