MoonwellDeFi Expands With EURC Lending On Base And Optimism

MoonwellDeFi, one of the fastest-growing lending platforms on the Base and Optimism networks, continues to make significant strides in the DeFi space.

The project has raised approximately $20 million in venture capital from crypto-native funds and boasts a core team of contributors with extensive experience from Coinbase, providing it with a solid foundation for growth.

With over $140 million in user deposits, Moonwell has recognized the importance of reliable, data-driven reporting for its stakeholders. This emphasis on transparency and continuous updates demonstrates the project’s commitment to long-term sustainability and trust within its community.

In an exciting development, Moonwell recently activated a market for EURC, a euro-backed stablecoin issued by Circle, and the first lending app on Base to support it. EURC is compliant with the Markets in Crypto-Assets (MiCA) regulations, adding an extra layer of credibility and security for users. This move allows the Moonwell community to lend and borrow EURC, expanding the platform’s offerings and bringing euro-denominated stablecoin lending to its user base.

Moonwell’s integration of EURC marks a significant milestone, as it brings more diversity to the stablecoin lending ecosystem and offers users greater flexibility. With this addition, Moonwell continues to position itself as a key player in decentralized finance, particularly in the euro-backed stablecoin market.

As MoonwellDeFi continues to grow and innovate, its focus on user-centric solutions and regulatory compliance is helping to solidify its place among the top lending platforms in the DeFi space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/moonwelldefi-expands-with-eurc-lending-on-base-and-optimism/