Circle launches euro-backed EURC on Base, enabling layer-2 forex trades

Circle launches euro-backed EURC on Base, enabling layer-2 forex trades

Circle announced that the new Base version of EURC is the first MiCA-compliant stablecoin for the network.

Stablecoin issuer Circle launched its euro-backed stablecoin, EURC, on the Base network, adding to the list of networks where the coin can be natively issued and traded, according to a July 9 announcement.

EURC was previously only available in native form on Avalanche, Ethereum, Solana, and Stellar. The addition of Base marks the first time that EURC has become available on an Ethereum layer-2. Previously, layer-2s could only use a derivative form of EURC backed by versions that existed on other networks.

In its announcement, Circle claimed that the new version will make it easier for e-commerce applications to facilitate trade globally

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Source: https://cointelegraph.com/news/circle-euro-backed-eurc-base-ethereum-layer-2-forex-trades?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound