Circle CEO: CCTP is expected to expand the 'burn-and-mint' model from USDC to more Circle-issued assets later this year

Jinse Finance reported that on April 11, Circle co-founder and CEO Jeremy Allaire posted on X, stating, “With CCTP, we have built the most widely used cross-chain protocol, and we are now working to open this ‘highway’ to other asset issuers. Arc will serve as a hub that integrates asset issuance, liquidity, and distribution. Later this year, CCTP is expected to expand its burn-and-mint model from USDC to more Circle-issued assets, such as EURC, USYC, and cirBTC. At the same time, these features will also be available to asset issuers collaborating with Circle, providing similar multi-chain distribution, interoperability, and configurable management capabilities for their native digital assets.”