Ethereum

EURC

USDC

Stellar

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 (<a href="https://crypto.news/price/stellar/" rel="noopener noreferrer nofollow">XLM)</a>, have jointly announced the <a href="https://stellar.org/press/eurc-launches-on-the-stellar-network" target="_blank" rel="noopener noreferrer nofollow">integration</a> of the euro-anchored stablecoin EURC into Stellar’s blockchain infrastructure. The EURC stablecoin, which already operates on Avalanche (<a href="https://crypto.news/price/avalanche/" rel="noopener noreferrer nofollow">AVAX</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) 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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet">
 2/ EURC on Stellar: Today, <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@circle</a>'s EURC is now live on the Stellar network. <a href="https://twitter.com/RipioApp?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@RipioApp</a> (+8M users, 8 countries across LatAm) is the first to add EURC on Stellar to their wallet app, enabling Euro deposits and withdrawals <a href="https://t.co/WCpaaSB4nR" target="_blank" rel="noopener noreferrer nofollow">https://t.co/WCpaaSB4nR</a>— Ben Grossman (@BenGrossmanOG) <a href="https://twitter.com/BenGrossmanOG/status/1706666375295713469?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 26, 2023</a>
 </blockquote>
 </div>
</figure>
The integration of <a href="https://crypto.news/new-euro-stablecoin-receives-backlash-from-crypto-community/" rel="noopener noreferrer nofollow">EURC</a> 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.
Read more: <a href="https://crypto.news/taiwan-tightens-crypto-rules-with-new-guidelines-and-industry-group/" rel="noopener noreferrer nofollow"> Taiwan tightens crypto rules with new guidelines and industry group </a>

Circle’s EURC stablecoin launches on Stellar network

crypto.news

Other articles published on Sep 27, 2023

Join our free newsletter for daily crypto updates!