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[SITUATION] · [QUIET] · [TECHNOLOGY]

2 clusters · 2 sources · 22 days · First seen about 1 month ago · Last updated 14 days ago

Circle stablecoin expansion across blockchain networks

Overview

Circle has expanded the availability of its native stablecoins across various blockchain networks. On August 7, the company launched native USDC and its Cross-Chain Transfer Protocol (CCTP) on OKX’s X Layer, an Ethereum-compatible layer-2 network. This move was intended to provide direct access to regulated USDC and reduce dependence on bridged versions of the asset.

Following this, Circle launched both native USDC and EURC stablecoins on Plasma, a Layer 1 blockchain designed for stablecoin-centric applications like payments and decentralized finance. This deployment included the integration of CCTP and the Bridge Kit, allowing for cross-chain transfers by burning tokens on a source chain and minting them on a destination chain. The Plasma integration aims to provide institutional traders and developers with fiat on/off-ramps and the ability to use both dollar and euro-denominated digital assets.

Entities

Circle · USDC · Cross-Chain Transfer Protocol · EURC · OKX

Timeline

14 days ago

[TECHNOLOGY] 2 sources
Circle launches USDC and EURC stablecoins on Plasma blockchain
Circle has launched native USDC and EURC stablecoins on the Plasma blockchain, integrating its Cross-Chain Transfer Protocol to facilitate seamless, low-cost digital payments and transfers.
about 1 month ago

[TECHNOLOGY] 6 sources
Circle launches native USDC on OKX X Layer network
Circle has launched native USDC and its Cross-Chain Transfer Protocol (CCTP) on OKX's X Layer, enabling seamless, regulated stablecoin transfers and liquidity for DeFi, payments, and AI applications.

Sources

bitcoinethereumnews.com · cointrust.com