Circle Expands CCTP to Native EURC Transfers Between Ethereum and Base
Circle has expanded its Cross-Chain Transfer Protocol (CCTP) to support native EURC transfers, marking a significant milestone for the company's interoperability service. The move extends CCTP beyond its original focus on USDC and allows developers to handle two Circle-issued stablecoins through one integration.
The first deployment connects EURC on Ethereum and Base, using a burn-and-mint model where tokens are destroyed on the source chain and newly issued on the destination chain. This process leaves users with native EURC on the receiving network rather than a wrapped representation issued by an external bridge.
Circle describes the expansion as a way to add euro-denominated assets without requiring applications already connected to CCTP to replace the service's underlying transfer model. The update marks a change in CCTP's scope, with EURC becoming the second Circle-issued asset supported by the framework.