Euro Coin: Circle Launches Stablecoin on Avalanche Blockchain to Facilitate Fast & Efficient Payment Systems
USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed.
$1.06
1H
0.00%$0.0000
24H
0.06%$0.0006
7D
0.37%$0.0039
30D
-1.73%$0.0187
Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency with more than $54 billion in circulation.
Designed for stability, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros.
USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed.
DeFiChain has announced the debut of the Euro-backed stablecoin Euro Coin on its native blockchain.
In addition to launching Euro Coin on Solana, Circle announced plans to extend its permissionless cross-chain infrastructure, Cross-Chain Transfer Protocol, on the Sol network by next year.
USDC issuer, Circle Internet Financial, has released Euro Coin (EUROC), a euro coin stablecoin backed by full reserves.
Euro Coin would be in the custody of the leading financial institutions within the regulatory perimeter in the US.