Circle’s EURC stablecoin launches on Stellar network

Circle and Stellar join forces to integrate the euro-anchored stablecoin EURC into Stellar’s blockchain.

USDC stablecoin provider Circle and a blockchain network, Stellar (XLM), have jointly announced the integration of the euro-anchored stablecoin EURC into Stellar’s blockchain infrastructure. The EURC stablecoin, which already operates on Avalanche (AVAX) and Ethereum (ETH) networks, will soon make its debut on the Stellar network. This critical development was unveiled at Stellar’s yearly Meridian conference held in Madrid today, Sept. 26.

2/ EURC on Stellar: Today, @circle‘s EURC is now live on the Stellar network. @RipioApp (+8M users, 8 countries across LatAm) is the first to add EURC on Stellar to their wallet app, enabling Euro deposits and withdrawals https://t.co/WCpaaSB4nR
— Ben Grossman (@BenGrossmanOG) September 26, 2023

The integration of EURC into Stellar’s network could potentially impact remittance corridors in Europe, expedite cross-border financial transactions, and optimize treasury operations, Stellar claims.

The platform also rolled out its new Wallet Software Development Kit (SDK) for developers to craft payment solutions.

Source: https://crypto.news/circles-eurc-stablecoin-launches-on-stellar-network/