Plume, a real-world asset finance blockchain backed by Brevan Howard Digital and Haun Ventures, has announced the upcoming integration of Native USDC and cross-chain transfers to accelerate the adoption of real-world assets and Stablecoin on its platform.
summary
- Plume integrates native USDC and CCTP V2
- The platform is intended for further adoption of actual word assets via USDC Stablecoin and cross-chain transfers.
Plume said it announced that Circle’s USDC (USDC) integration with cross-chain transfer protocol will help provide an enhanced ecosystem featuring faster cross-chain transfers for users.
Fully reserved Stablecoin Settlement solutions USDC and CCTP V2 will help Plume expand its capabilities across Rwafi and distributed finance, the project says.
“Integrating Native USDC and CCTP V2 into the plume is more than a technical milestone and is a catalyst for the next stage of real-world asset adoption.”
This move will allow Plume to combine Circle’s global Stablecoin with Plume’s real-world asset finance infrastructure to improve network speed, compliance and interoperability. Extending Plume’s product solutions to other blockchains is also consistent with Onchain Finance’s vision of scaling protocols.
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Fill USDC support to continue
Plume’s network currently supports Bridged USDC or USDC.E via Stargate.
Plume is scheduled to move from Ethereum Bridges Stab Coin, but the team says Stargate will continue to operate normally. Bridged USDCs will still work, but are clearly labeled “USDC.E” in the entire application and in Block Explorer.
Circle introduced CCTP V2 in March, and live initial availability at Ethereum, Arbitrum, Avalanche, Base, Op Mainnet and more. Several chains then integrated CCTP V2, including July SEI and high lipids.
When MainNet was launched in early June, Plume is the latest blockchain platform that utilizes native USDC and cross-chain transfer protocols. Plume growth since Genesis Mainnet includes total spikes locked at $238 million, up from $40 million over $44 million. The platform also looks at over 200 apps and protocols for on-chain surges.
The integration will enhance institutional on/off ramps such as Circle Mint, as well as fully reserved Stablecoin redemption 1:1.
Plume Integrated Agora’s US dollar-backed Stablecoin AUSD used AUSD in June.
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