[Circle CEO: CCTP expected to expand the burn-and-mint model from USDC to more Circle-issued assets later this year] According to a report by Jinse Finance, on April 11, Circle co-founder and CEO Jeremy Allaire posted on the X platform, stating, 'With CCTP, we have built the most widely adopted cross-chain bridge and are now working to open this "highway" to other asset issuers. Arc will serve as a hub integrating 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, cirBTC, and others. At the same time, these functionalities will also be made available to asset issuers collaborating with Circle, enabling similar multi-chain distribution, interoperability, and configurable governance capabilities for their own digital assets.'