Circle's Cross-Chain Transfer Protocol (CCTP) has been extended to support the native cross-chain transfer of the euro-denominated stablecoin EURC, as announced in an official Circle blog post. The protocol employs the same burn-and-mint mechanism used for USDC, ensuring secure and efficient cross-chain settlement. Initial support includes Ethereum and Base, with plans for future expansion. Developers can now integrate a single interface to transfer both USDC and EURC, significantly reducing the complexity of onboarding multiple bridge services. This unified approach not only simplifies integration but also enhances liquidity efficiency across chains. EURC is issued by Circle's regulated subsidiary, and CCTP does not hold or manage user assets, maintaining the security model familiar to users of USDC. The move marks a step forward in expanding the utility of euro stablecoins in the multi-chain ecosystem.
Circle has widened its Cross-Chain Transfer Protocol, or CCTP, to support native cross-chain transfers for the euro-denominated stablecoin EURC, according to an official blog post. It runs on the same "burn-and-mint" model used by USDC, with Ethereum and Base as the first supported networks.
Developers can now move USDC and EURC through one integration instead of juggling multiple bridge providers. Less mess. Better liquidity efficiency. Circle also said EURC is issued by its regulated subsidiary, and CCTP does not hold or manage user funds, so asset custody stays with the user.
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