USDC, EURC, and CCTP are Coming Soon to Cronos: What You Need to Know

We’re excited to announce that native USDC, EURC, and CCTP support are coming soon to Cronos.

Cronos is a Layer-1 (L1) blockchain backed and powered by Crypto.com that is EVM compatible and supports a wide range of use cases including payments, AI-native workflows, DeFi trading, and more. With over 150 million registered Crypto.com users, Circle’s upcoming integrations aim to deliver trusted and interoperable stablecoin infrastructure to Cronos’ large and established DeFi ecosystem. 

Beyond DeFi infrastructure, native USDC will serve as the deposit and settlement layer for Cronos app — a mobile-first trading platform where users trade stocks, crypto, and prediction markets from a single account. With native USDC, users can deposit dollars and trade immediately across every asset class available on the platform.

Benefits of USDC and EURC on Cronos:

• Redeemable 1:1 for USD and EUR,¹ respectively
• Integrate easily with Cronos network’s apps and protocols
• Unlock dollar- and euro-denominated DeFi markets and AI-powered transactions

With CCTP, eligible institutional traders and teams will be able to:

• Access institutional-grade fiat on/offramps for USDC trading and payments
• Enable full deposit, withdraw, and API access for native USDC on Cronos
• Transfer native USDC from one supported blockchain (e.g., Ethereum) to another (e.g., Cronos)

Key use cases of native USDC and EURC on Cronos

Native USDC and EURC can help establish a trusted dollar- and euro-denominated ecosystem on Cronos. With MiCA compliance, full reserve backing, and 1:1 redeemability for dollars and euros respectively, USDC and EURC can support DeFi, traditional markets, and agent-to-agent transactions by serving as collateral and settlement infrastructure. Establishing deep liquidity for both EUR/EURC and USD/USDC trading pairs can support lower-slippage DeFi activity and AI-driven applications at the scale institutions and enterprises need. Through CCTP, users and developers can move USDC securely across ecosystems.

Together, native USDC, EURC, and CCTP can give businesses and developers on Cronos access to regulated² fiat rails for institutional-grade trading, programmable payments, and compliant onchain settlement. While USDC is widely used around the world, euro-denominated EURC may be especially well suited for payments, settlement, and other onchain activity within the EU, where 1:1 euro redeemability and MiCA compliance can help support trusted euro-denominated use cases.

Bridged vs native USDC on Cronos

Cronos currently supports bridged USDC (i.e., USDC.e), a non-native version of USDC that is issued by Crypto.com on Cronos. The Cronos team plans to work with ecosystem apps and protocols to smoothly migrate bridged USDC liquidity to native USDC over time.

This will give Cronos the same native stablecoin features that are already available for USDC on currently supported chains. There will be no immediate impact to existing bridged USDC and it will continue to operate normally. Bridged USDC will remain clearly labeled as “USDC.e” in block explorers, app interfaces, and documentation.

‍

USDC on Cronos, issued by Circle²

Token Name: USDC

Token Symbol: USDC

Mainnet Address: 0x3D7F2C478aAfdB65542BCB44bCeeC05849999d2D

Testnet Address: 0xEb33dc5fac03833e132593659e1dE7256aB59794

‍

Bridged USDC on Cronos

Token Name: Bridged USDC (Cronos)

Token Symbol: USDC.e 

Mainnet Address: 0xc21223249ca28397b4b6541dffaecc539bff0c59 

‍

EURC on Cronos, issued by Circle²

Token Name: EURC

Token Symbol: EURC

Mainnet Address: 0xA6dE01a2d62C6B5f3525d768f34d276652C554c8

Testnet Address: 0x31f7538adb53cF16350e6B0c89d03D91b7D12c46

Starting today, developers can start to experiment with fund flows on Cronos by getting free testnet USDC and EURC from Circle’s Faucet. To get early access to Cronos app, go to cronos.com.

Prepare for launch

We’re thrilled for the upcoming launch of USDC, EURC, and CCTP on Cronos and the impact it will have on multi-currency stablecoin adoption. More information on Crono’s USDC and EURC integrations will be released as the launch date approaches. Until then, reach out on Discord to engage with our team and get answers to your questions.

‍

‍¹ Circle Mint customers are able to redeem USDC and EURC directly from Circle. In addition, Circle will redeem all USDC and EURC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.

² USDC is issued by regulated affiliates of Circle. EURC is issued by Circle Internet Financial Europe SAS. A list of Circle’s regulatory authorizations can be found here.