USDC and EURC Launch on Plasma Blockchain
USDC (USDC)
Editor:
Eugene Serbin
blockchain.news reports that Circle has launched USDC and EURC stablecoins on the Plasma Layer 1 blockchain. The integration includes the Cross-Chain Transfer Protocol (CCTP) and Bridge Kit to facilitate cross-chain settlements. Plasma is a stablecoin-focused network that launched its mainnet beta in September 2025.
It currently holds over $2 billion in total value locked and supports 100+ DeFi integrations. The network uses a proprietary PlasmaBFT consensus for sub-second transaction finality. USDC and EURC offer 1:1 redeemability for U.S. dollars and euros respectively.
They are compliant with regulatory frameworks such as MiCA. Businesses can access USDC via the Plasma One neobank app launched in 2025. Developers can integrate the stablecoins into applications starting today. Plasma’s native token XPL trades at $0.08825 with a market cap of $246.3 million.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 29 August 2026. Not the outlet's figures.
USDC trades at $1.00 with a 1-hour buy ratio of 48.5% and a 4-hour buy ratio of 46.3%. The 24-hour buy ratio is 48.6%, indicating that buying pressure is fading compared to the shorter timeframes. Volume delta shows net selling of -$4,260,214 in the last hour and -$13,811,074 over four hours. Over 24 hours, the volume delta is -$101,856,250, confirming sustained selling pressure. The Cumulative Volume Delta closed at -$141,157,245. Spot volume reached $3,765,148,082 with 580,500 trades recorded.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Twenty-four hours later
What USDC did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
The 24-hour buy ratio of 48.6% is slightly below the 7-day average of 49.0%. Volume is 1.16x the weekly average, indicating higher than usual activity. There were zero days of net buying in the preceding week. The total volume delta for the eight-day period was -$490,617,705. The price change over eight days is 0.0%, showing stability despite the volume increase.