KEY TAKEAWAYS
- Plume launches native USDC and CCTP V2 to enhance institutional adoption of real-world assets on the blockchain.
- The platform supports over 200,000 RWA holders and facilitates fast finality with EVM compatibility.
- Native USDC integration aims to improve settlement, global payments, and DeFi liquidity on Plume.
- CCTP V2 enables seamless cross-chain USDC transfers, expanding opportunities for RWAFi, DeFi, and SocialFi.
Plume, a blockchain platform focused on real-world asset finance (RWAFi), has announced the launch of native USDC and CCTP V2. This development aims to bolster institutional adoption of real-world assets (RWAs) on the blockchain. The announcement was made here.
Plume is designed to facilitate the on-chain integration of financial assets, offering fast finality and full Ethereum Virtual Machine (EVM) compatibility. The platform currently supports over 200,000 RWA holders and hosts more than 200 applications and protocols.
With the introduction of native USDC, developers and institutions on Plume can now access a regulated, fully reserved digital dollar, redeemable 1:1 for US dollars. This integration is expected to enhance the settlement of institutional RWAs, global payments, and DeFi liquidity. Additionally, CCTP V2 enables seamless cross-chain transfers of USDC across multiple blockchains, expanding opportunities for RWAFi, DeFi, and SocialFi.
Enhancing Cross-Chain Capabilities
The integration of CCTP V2 facilitates cross-chain liquidity, allowing applications within the Plume ecosystem to leverage USDC for growth. This capability supports multichain distribution, enabling apps to access USDC liquidity across different chains. Notable protocols like Morpho and Rooster Protocol are expected to benefit from this feature.
Furthermore, the launch extends the reach of regulated stablecoin settlements globally, potentially increasing the addressable market for institutions using Plume. The platform also aims to diversify asset classes by supporting emerging RWA categories, such as carbon credits and private credit funds.
Simplifying Institutional Access
Plume’s collaboration with Circle Mint and Nest aims to streamline the process for institutions to hold and transact with USDC. This initiative is designed to lower barriers to entry for institutional users. Currently, bridged USDC (USDC.e) from Ethereum circulates on Plume, but the platform plans to transition to native USDC over time. The Stargate bridge will continue to operate normally, with bridged USDC labeled as “USDC.e” in block explorers and app interfaces.
Developers interested in building with USDC on Plume can access open-source, permissionless protocols, with detailed documentation available to facilitate integration.
Why This Matters: Impact, Industry Trends & Expert Insights
Plume’s launch of native USDC and CCTP V2 is set to enhance institutional adoption of real-world assets on the blockchain, offering improved settlement and liquidity solutions.
Recent industry reports indicate that institutional adoption of real-world assets on blockchain is rapidly expanding, with the tokenization market projected to grow to trillions by 2030. This aligns with Plume’s initiative to support institutional-grade cross-chain finance and enhance the settlement of RWAs.
Experts emphasize that CCTP V2 significantly improves liquidity and user experience by enabling native, secure, and near-instant cross-chain USDC transfers. This supports Plume’s aim to streamline institutional access and increase the addressable market for its blockchain platform.
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