Circle Expands CCTP to Support Native Cross-Chain Transfers for EURC
Circle has officially expanded its Cross-Chain Transfer Protocol (CCTP) to support the native transfer of its euro-backed stablecoin, EURC. Utilizing the same burn-and-mint model as USDC, the protocol initially enables cross-chain settlement between Ethereum and Base. This integration allows developers to transfer both USDC and EURC through a unified interface, eliminating the need for multiple bridge providers and improving liquidity efficiency. EURC is issued by a regulated Circle subsidiary, and CCTP does not hold or manage user assets.
Summaries are written by AI from the original article. Not investment advice.