Stay tuned towards the end of June for our listing of the EUR-pegged stablecoin
We’re thrilled to be among the first crypto exchanges to announce Euro Coin. Towards the end of the month, we’re launching the EUROC-EUR and EUROC-USDC pairs globally except in the US and Singapore.
This is an exciting development for those who wish to keep their assets in a EUR-backed stablecoin instead of traditional currencies.
Euro Coin – the bridge between crypto-native and traditional finance
Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), one of the most popular cryptocurrencies with over $53 billion in circulation as of June 2022, today announced the launch of Euro Coin (EUROC). The coin is a fully-reserved and euro-backed stablecoin issued under the same regulatory standards that have made USDC one of the world’s most trusted digital currencies.
On the Circle network, businesses and private traders can use EUROC to easily move euro liquidity on-chain, accept and make euro payments globally that settle in minutes, and access crypto capital markets for trading, borrowing and lending.
Although the current sentiment towards stablecoins has taken a negative turn as of late, Euro Coin is fully-backed by euro-denominated reserves held conservatively in the custody of leading financial institutions, beginning with Silvergate Bank in the U.S., and regulated by U.S. authorities.
EUROC will initially launch on the Ethereum blockchain, with plans to expand to additional blockchains later this year.
Circle has set industry-leading standards for moving financial value across the internet with USDC, and now together with EUROC continues to unlock a new era of fast, inexpensive, secure and interoperable global exchange. And you can be a part of it at Keepmybit.com .