USDC stablecoin issuer Circle shook up the world of digital finance with the launch of EUROC, a euro-pegged stablecoin a few months ago. In a dynamic of development, the company announced the launch of the stablecoin on the Avalanche blockchain. An initiative that promises to bring speed and efficiency to transactions.
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EUROC avalanche on the blockchain
EUROC is a regulated stablecoin, fully backed by euro reserves held in regulated financial institutions in the United States. Building on its success and listed on exchanges such as coinbasethe euro stablecoin will be launched on the Avalanche blockchain, as weexplainnt contact us from CoinTelegraph.
The goal? Do you allow yourself toEUROC to continue developing its multi-channel dreams. In this give-and-take, avalanche Will benefit from one more stablecoin to offer on its blockchain and will allow a better access to the euro as Circle Vice President Joao Reginatto explains.
“When we first introduced Euro Coin on Ethereum last year, we wanted anyone with an internet connection to have access to the Euro across borders and time zones. »
João Reginatto – Source: CoinTelegraph.
New payment options for developers, send funds optimized, John Nahas, vice president of business development at Ava Labs assists in this development towards multi-currency good returns.
Besides Avalanche, Circle continues to develop the crypto of the single European currency. Indeed, although the euro stablecoin, like the USDC, was first launched on Ethereum, EUROC’s goal of democratization has already made it travel on the Solana Blockchain in November 2022.
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