Circle, the maker of USD Coin (USDC), the second largest stablecoin by market capitalization, has announced Euro Coin (EUROC).
According to a June 16 press release, USDC issuer Circle has launched a fully decoupled stablecoin, EUROC. ready to launch announced.
In the published press release, Circle’s main purpose is to bridge between crypto and traditional financial services specified to create.
Thanks to the newly issued stablecoin; to accept, make payments, and lend in euros globally. facility has been announced.
Circle’s co-founder and CEO, Jeremy Allaire, made the following statements in his statement on the subject:
There is demand in the market for the euro, the second most traded currency after the dollar. Circle aims to provide a fast, cheap and secure service worldwide with USDC and Euro Coin.
In recent stablecoin events USDC, which many people prefer, gradually increasing its market value. Competitor Tether as the market value decreases The increase in USDC’s market value makes many people more interested in Circle. It shows you trust.