blockchainreporter.net
Circle expanded its Cross-Chain Transfer Protocol to native $EURC transfers on September 2, moving the interoperability service beyond its original focus on $USDC. According to Circle’s official announcement, the euro-denominated stablecoin can initially move between Ethereum and Base through the same production infrastructure used for $USDC.
$EURC Starts With Ethereum and Base
The first deployment connects $EURC on Ethereum and Base. Circle says CCTP uses a burn-and-mint model: tokens are destroyed on the source chain and newly issued on the destination chain. That process leaves users with native $EURC on the receiving network rather than a wrapped representation issued by an external bridge.
Circle presented the expansion as a way for developers to handle two company-issued stablecoins through one integration. Existing CCTP burn-and-mint functionality for $USDC remains unchanged. The update therefore adds a euro-denominated asset without requiring applications already connected to CCTP to replace the service’s underlying transfer model.
CCTP Moves Beyond a Single Asset
The addition marks a change in CCTP’s scope. Circle has described the product as cross-chain infrastructure for moving native assets and messages, but production transfers had centered on $USDC. $EURC is now the second Circle-issued asset supported by that framework.
The distinction matters because multichain deployments can otherwise require separate bridge integrations and trust assumptions. BlockchainReporter previously examined a network-specific rollout when Cronos integrated $USDC, $EURC and CCTP. Circle’s new announcement instead makes $EURC a transferable asset within CCTP itself, beginning with the Ethereum-Base route.
Circle Frames the Upgrade as Infrastructure
Circle says CCTP is non-custodial and that its technology-services unit does not hold or manage assets transferred through the protocol. The company also warns that transfers are irreversible, including when funds are sent to an incorrect address. Those limitations remain relevant as applications add the new $EURC route.
The expansion arrives as activity around euro-denominated stablecoins receives more attention. A recent BlockchainReporter report found that $EURC activity had reached a record amid demand for MiCA-aligned assets. The latest CCTP update changes the infrastructure available to move $EURC, but Circle did not provide adoption forecasts or transaction-volume targets.
More Assets Remain Forward-Looking
Circle said more assets and capabilities are planned, without naming another token or launch date. The confirmed deployment is limited to native $EURC transfers between Ethereum and Base at announcement time. Any broader asset support should therefore be treated as a roadmap statement rather than a completed rollout.