Stablecoin issuer Circle launches Euro Coin (EUROC), a euro-backed stablecoin, on Avalanche (AVAX) network
In the post published on the official blog site of Circle on May 25, regulated been taken euro based stablecoin Avalanche EUROC in your network that you put on the market announced. Avalanche, EUROC on Ethereum (ETH) was put on the market since last year EUROC supporting second network it happened.
of EUROC multi chain The move, which is stated to be part of the stablecoin’s strategy, will increase its liquidity And USDC with to be used together stated that it would allow EUROC, which was launched last year organized is a cryptocurrency and It has 100% guarantee attention was drawn.
Circle Vice President of Product Joao Reginatto last year EUROC when they launch Internet access of everyone who to euro stated that they intended to have transportation. With Avalanche integration payments And transfers for new opportunities will be created expressing his belief Reginato, more on Avalanche from developers at affordable costs underlined that he could continue his activities.
Vice President of Business Development at Ava Labs John Nahas, of EUROC Avalanche in your network big One trading volume catch and excellent feedback He said they expected him to get it. Nahas, decentralized finance (DeFi) as more cryptocurrencies find their place in its ecosystem to multi-currency have and cross borders One structure being you’re on your way and this process of adding EUROC will speed up told.
It also operates on the Avalanche network. Benqi, Curve, Dexalot, GMX, Pangolin, Shift Markets And Trader Joe’s such as various DeFi It was stated that their applications will support EUROC.