The EUROC stablecoin, launched by Circle on Ethereum (ETH) in June 2022, is now rolling out to Avalanche (AVAX), after entering Solana (SOL). This integration will allow Avalanche users to take advantage of a euro-backed stablecoin thus offering numerous possibilities for trading, saving, lending and borrowing within the large ecosystem offered by Avalanche.
https://cryptoast.fr/feed/
L’Euro Coin (EUROC) de Circle débarque sur la blockchain Avalanche (AVAX)
EUROC arrives on Avalanche
The Euro Coin (EUROC), the stablecoin backed by the euro and launched by the giant Circle on the Ethereum (ETH) blockchain in June 2022, arrives in the ecosystem of Avalanche (AVAX) and thus confirms its multi-chain future a few months after arriving on Solana (SOL).
1/ It is official, #EuroCoin is now multi-chain and live on @avax today: https://t.co/rzlgtMcYKc
— Circle (@circle) May 25, 2023
This will allow Avalanche users to enjoy a stablecoin backed by the euro natively, whether to exchange, spend, save, lend or even borrow through the tools of decentralized finance (DeFi) offered by the rich ecosystem of Avalanche. Of course, EUROC can also be integrated natively into existing and future applications.
👉 Learn all about Circle’s EUROC stablecoin
According to the press release, companies benefiting from a Circle professional account will thus be able to obtain simplified access to liquidity exchanges between the Ethereum blockchain and Avalanche, in particular thanks to APIs.
As endorsed by Joao Reginatto, VP Product at Circlethe arrival of the EUROC allows everyone to have simpler access to the euro:
“When we first introduced the Euro Coin on Ethereum last year, we wanted anyone with an internet connection to be able to access the Euro across borders and time zones. »
As a stablecoin, and just like USDC for the dollar, EUROC is insured at a minimum at a ratio of 1 to 1 with the reserves of Circle housed in the United States in regulated facilities.
Circle’s EUROC currently has a market capitalization of just over $51 million. It is the third euro stablecoin by market capitalization of the market, behind Tether’s EURT ($220 million) and Statis’ EURT ($133 million).
👉 On the same subject – Circle unveils its CCTP bridge, one of the most ambitious products in its history
Buying Cryptos on eToroCryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN registered with the AMF. Investing in crypto-assets is highly volatile. There is no consumer protection. Investing is risky (find out more)
Source: Press Release
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
734 items
