Skip to content

EURC Stablecoin Launches on Stellar Blockchain, Facilitating Euro Transactions

    The introduction of the EURC stablecoin on the Stellar blockchain enables European users to conduct Euro deposits and withdrawals through Circle, leveraging the Single Euro Payments Area (SEPA) networkNetwork The set of computers connected to each other, called nodes, on which the blockchain of a specific cryptocurrency is based.. Accessible via the LOBSTR wallet known for its security and transparency, EURC aims to become a leading Euro stablecoin for crypto capital markets. Fully reserved and redeemable at a 1:1 ratio for Euro, EURC extends its support to Solana, Ethereum, and Avalanche blockchains, providing users with trustable and transparent services. Circle’s success with the USDC stablecoin, reaching a circulation of over $31B, underscores the potential for EURC’s adoption. Partnering with MYKOBO, EURC aims to enhance interoperability and trust in Euro stablecoins, fostering a bridgeBridge In blockchain technology, it is a connection that allows interaction between different blockchains. between Europe’s financial infrastructure and blockchain technology. Currently, over 20,000 users utilize EURC across various platforms, highlighting its growing presence and utility within the Stellar ecosystem. Additionally, the article provides insights into Stellar’s real-world utility solutions and SEPA’s role in facilitating Euro bank payments across the European Union and beyond. (Source: CryptoNewsZ)