Circle brings USDC, EURC to Plasma, expanding to 37 chains

Circle launched native USDC and EURC on Plasma on Aug. 28, along with its Cross-Chain Transfer Protocol and Bridge Kit, extending the stablecoin issuer's dollar and euro tokens to a 37th blockchain.

"These integrations bring Circle's trusted and interoperable multi-currency onchain infrastructure to Plasma's large and established stablecoin-focused ecosystem," Circle said in its Aug. 28 announcement.

On-chain data from Plasmascan shows 4,654,322.737666 USDC across six holders and 12,866.64 EURC across five holders on the network's mainnet. The deployment makes USDC native on 37 blockchains, EURC on eight, and CCTP on 28, according to Circle. Plasma, which launched its mainnet beta in September 2025, holds more than $2 billion in total value locked with over 100 DeFi integrations, per the network's published figures.

The integration makes Plasma a settlement layer for MiCA-compliant dollar and euro payments, giving institutional users access to Circle Mint on/offramps for USDC. With CCTP's burn-and-mint mechanism, USDC can move between Ethereum and Plasma without wrapped assets or liquidity pools, a feature developers can integrate in roughly 10 lines of code using Bridge Kit.

CCTP Adds a Native Transfer Rail

CCTP moves USDC by burning tokens on the source chain, obtaining a signed attestation from Circle, and minting the same amount on the destination chain. This avoids creating wrapped USDC representations and eliminates the need for cross-chain liquidity pools. Across Protocol had already been routing native USDC to Plasma through CCTP since July 17, according to a guide published by the bridge. Circle's Aug. 28 rollout adds official contract listings, EURC support, and Circle's own developer documentation.

The burn-and-mint design means users never hold a synthetic or wrapped version of USDC on Plasma. Instead, the token is destroyed on the source chain and recreated on the destination chain at a 1:1 ratio, preserving the stablecoin's peg integrity across ecosystems. For developers, Bridge Kit packages the attestation and minting flow into a single integration path, reducing the engineering burden of cross-chain transfers.

Plasma's Stablecoin-First Design

Plasma is an EVM-compatible Layer 1 purpose-built for high-throughput stablecoin applications, using its proprietary PlasmaBFT consensus for sub-second transaction finality. Its native token, XPL, is used for gas fees but is not required for basic stablecoin transfers. XPL's market cap stands at $246.3 million with the token trading at $0.08825, up 2.9 percent over 24 hours as of Aug. 28.

Users can access USDC through Plasma One, the network's stablecoin app and card launched in 2025. Developers can integrate USDC and EURC into Plasma-based payment and DeFi applications, while eligible institutional traders can use Circle Mint for fiat on/offramps, deposits, withdrawals, and API access.

The deployment strengthens Circle's multi-chain distribution strategy and gives Plasma a path to attract institutional capital flows in both dollar and euro zones. As stablecoin demand grows in Europe under MiCA, the combination of EURC's regulatory compliance and Plasma's zero-fee transfer design could draw enterprise users seeking compliant euro-denominated settlement rails. Circle lists USDC as natively supported on 37 blockchains after the Plasma launch, with EURC now native on eight chains and CCTP on 28.

This article is for informational purposes only and does not constitute investment advice.