August 27, 2022 | Crypto, Euro coin by Circle
The EUROC, a well-designed stablecoin based on the euro, was introduced by Circle on June 30th, 2022. The USD coin has a euro equivalent called the EUROC. The Euro Coin is a so-called ERC-20 token that, like the USDC, is based on the Ethereum network. Since the EUROC is totally dependent on euros, its value is constantly correlated with that of a single euro. This indicates that Circle and associated banks hold an equivalent reserve in euros for each EUROC token currently in circulation.
Anyone with an internet connection can access Euro Coin, boosting access to the euro across borders and time zones.
Euro Coin is available from the Circle Account and supported by a growing number of ecosystem leaders, including:
Exchanges: BitMart, Bitpanda, CEX.io, FTX, HitBTC
DeFi: Curve, DFX, Uniswap Protocol
Custodians: Anchorage Digital, CYBAVO, Fireblocks
Payments: BitPay
Wallets: Ledger, MetaMask, MetaMask Institutional
Sources:
Circle.com
Image by Gerd Altmann on Pixabay.com
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