Circle announces the official launch of USDC, EURC, CCTP and BridgeKit on the Plasma Network

On August 29, Circle announced that the U.S. dollar stablecoin USDC, the euro stablecoin EURC, the cross-chain transmission protocol CCTP and BridgeKit have been officially launched on the Plasma network. Payment service providers (PSPs), financial technology companies, digital banks and developers on Plasma now have access to compliant U.S. dollar and euro stablecoins for cross-border remittance payments, global foreign exchange transactions, DeFi lending and liquidity provision, and on-chain corporate treasury management and B2B settlements. At the same time, users can directly recharge, transfer money and consume USDC through Plasma's stablecoin application and bank card PlasmaOne.