Coinbry

  • Market Cap: $1,649,199,312,248.80
  • 24h Vol: $95,704,372,797.62
  • BTC Dominance: 50.27%
Circle introduces new euro stablecoin on Stellar network

Circle introduces new euro stablecoin on Stellar network

The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.

Stablecoin issuer Circle has launched a Stellar-based version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.

Summary:

  • The EURC stablecoin is now available on the Stellar blockchain, in addition to Ethereum and Avalanche.
  • Stablecoins have become an essential component of the Web3 ecosystem, allowing users to perform various fiat-currency-related actions on blockchain networks.
  • EURC is a euro-backed stablecoin, providing more options for eurozone residents to conduct business on the blockchain in their local currency.
  • Crypto payment provider Ripio has integrated with EURC, allowing its users in Spain to deposit and withdraw EURC using the Stellar network.
  • Other examples of euro-backed stablecoins include the Stasis Euro (EURS) on Cardano and Membrane Finance’s EUROe on Ethereum.
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.