We study the Uniform Circle Formation (UCF) problem for a swarm of n autonomous mobile robots operating in Look-Compute-Move (LCM) cycles on the Euclidean plane. We assume our robots are luminous, i.e. embedded with a persistent light that can assume a color chosen from a fixed palette, and opaque, i.e. not able to see beyond a collinear robot. Robots are said to collide if they share positions or their paths intersect within concurrent LCM cycles. To solve UCF, a swarm of n robots must autonomously arrange themselves so that each robot occupies a vertex of the same regular n-gon not fixed in advance. In terms of efficiency, the goal is to design an algorithm that optimizes (or provides a tradeoff between) two fundamental performance metrics: (i) the execution time and (ii) the size of the color palette. There exists an O(1)-time O(1)-color algorithm for this problem under the fully synchronous and semi-synchronous schedulers and a O(log log n)-time O(1)-color or O(1)-time O( √ n)-color algorithm under the asynchronous scheduler, avoiding collisions. In this paper, we develop a deterministic algorithm solving UCF avoiding collisions in O(1)-time with O(1) colors under the asynchronous scheduler, which is asymptotically optimal with respect to both time and number of colors used, the first such result. Furthermore, the algorithm proposed here minimizes for the first time what we call the computational SEC, i.e. the smallest circular area where robots operate throughout the whole algorithm.