Home Circle Extends CCTP To EURC & cirBTC For Cross-chain ARC Transfers

Circle Extends CCTP To EURC & cirBTC For Cross-chain ARC Transfers

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Circle Extends CCTP To EURC & cirBTC For Cross-chain ARC Transfers
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  • Circle expanded CCTP to support native cross-chain transfers of EURC & cirBTC on the ARC blockchain
  • The burn-and-mint model eliminates liquidity pool dependency for CCTP-supported Circle-issued assets
  • Supported ARC routes offer sub-10-second transfer times; users may not need destination-chain gas tokens
  • Third-party ERC-20 tokens can integrate via the Crosschain Token Standard with allowlists & rate limits
  • Circle’s Gateway unified balances remain USDC-only; EURC & cirBTC support listed as coming soon

What’s New In CCTP On ARC

Circle expanded its Cross-Chain Transfer Protocol to support native cross-chain transfers of EURC and cirBTC on its ARC blockchain, extending the protocol beyond its original USDC-only functionality.

The expansion covers EURC routes across Arc, Avalanche, Base, Ethereum, and World Chain, while cirBTC transfers initially connect Arc and Ethereum only, with Gateway support for cirBTC listed as planned for a later phase.

The CCTP mechanism burns tokens on the source chain and mints native tokens on the destination, removing the need for liquidity pools and the associated price impact. Circle says ARC routes achieve sub-10-second transfer times through its Fast Transfer feature.

Third-party ERC-20 Support Via CTS

Beyond Circle’s own assets, third-party ERC-20 token issuers can integrate cross-chain functionality through the Crosschain Token Standard. CTS supports a range of issuer-controlled features including allowlists, transfer rate limits, the ability to pause transfers, contract upgrade mechanisms, and governance rule sets.

Source: circle.com

Circle does not retain override authority over CTS contracts or third-party token structures, with issuers remaining responsible for their token design and regulatory obligations. CCTP supports both the burn-and-mint model for Circle assets and a lock-and-mint model for third-party tokens, giving issuers flexibility in approach.

Gateway & cirBTC Details

Circle’s Gateway, which provides unified balance management across chains, currently supports only USDC at launch. Support for EURC and cirBTC balances within Gateway is listed as coming soon without a specific launch date. cirBTC is issued by Circle International Bermuda Limited and is backed 1:1 by native Bitcoin, offering a Circle-custodied Bitcoin wrapper designed for cross-chain DeFi use.

A Forwarding Service is also available on supported routes, allowing Circle to relay destination-chain transactions so that users may not need to hold the destination network’s native gas token to complete transfers.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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