Cryptocurrency one of the largest stablecoins in the market of USDC issuer company Circleannounced the launch of a new Euro-backed stablecoin in June.
Euro Coin (EUROC) stablecoin named Ethereum (ETH) Stating that it will be released on the network, Circle said that it will be available for sale from June 30, 2022.
Circle now also launches the euro-backed Euro Coin. Avalanche (AVAX) announced on its network.
In this context, Avalanche became the second blockchain network to support Euro Coin after Ethereum.
Euro Coin integration currently supports USDC Avalanche Stating that it will be a very easy integration for its network, Circle said in its statement that it expects some decentralized finance applications on the Avalanche network to integrate Euro Coin, including Benqi, Curve, Dexalot, GMX, Pangolin, Shift Markets and Trader Joe’s.
Joao Reginatto, Circle Vice President of Product He stated the following in his statement:
“We launched it on Ethereum last year with the vision of making Euro Coin accessible across borders and time zones for anyone with an internet connection.
With the availability of Euro Coin on the Avalanche network after Ethereum, we are opening up new possibilities for payments and remittances, enabling developers and users to experience more cost-effective transactions almost instantly.”
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