Circle to Extend Euro Coin’s (EUROC) Inter-Network Protocol to Solana (SOL) Network

Stablecoin issuer Circle Finance has announced that it will expand Euro Coin’s (EUROC) cross-network protocol to the Solana (SOL) network.

Circle November 6 At the Breakpoint event held in Lisbon in June, it was pegged at a ratio of 1:1 to the Euro, which was only available to Europe in June. Expand Euro Coin to Solana network explained. In addition, Circle also supports the interchain transfer protocol. in the first half of 2023 Solan announced that it will be available on its network.

One of the world’s largest cryptocurrency exchanges FTXEuro Coin in Solana deposit, withdrawal, transfer and trade stated that he intends to support at Raydium (RAY) and Solend (SLND) operating on the Solana network, including decentralized finance (DeFi) Many of the protocols will also use the Euro Coin when they are released. to support what you are planning expressed.

Head of Payments at Solana Labs Sheraz ShereSupporting Euro Coin on Solana network FX for their activities access to new opportunities effective and with a new base currency for investors. optionality stated that it will provide Chairman Shere, support Euro Coin lending and borrowing He also stated that he would allow EUROC to at Solana Pay with USDC as a payment unit added that it can be used.

Circle also plans to make its interchain transfer protocol available on Solana, in their statement. The protocol stopped in September, at the beginning of 2023 On Ethereum (ETH) and Avalanche (AVAX) will be implemented.

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