USDC and EURC Now Available on Plasma Blockchain

Circle Internet Financial has announced that its stablecoins USDC and EURC are now available on the Plasma blockchain.

Plasma is an EVM-compatible, Layer-1 (L1) blockchain built for high-throughput stablecoin applications. It supports payment and partner infrastructure in over 100 countries with over 100 currencies.

The integration of USDC and EURC on Plasma unlocks MiCA compliant dollar- and euro-denominated payments, settlement, DeFi trading, FX, treasury management, and more.

Eligible institutional traders and teams will be able to access institutional-grade fiat on/offramps for USDC payments and settlement with the help of CCTP. The Bridge Kit enables full deposit, withdraw, and API access for USDC on Plasma and allows users to transfer USDC from one supported blockchain to another in around 10 lines of code.