Stablecoin

EURC

Uniswap

Base

USDC

<ul>
  
 <li>Circle's EURC, a euro-backed stablecoin, is now live on the Base mainnet.</li>   
 <li>EURC is supported by Aerodrome, Coinbase, Coinbase Wallet, and Uniswap Labs.</li>   
 <li>EURC's launch follows the success of USDC on Base, which holds a 97% market share.</li> 
</ul>   
<p>Circle has announced the launch of EURC on <a href="https://base.org/" target="_blank" rel="noreferrer noopener nofollow">Base</a> mainnet. This marks a significant milestone in integration of euro-backed stablecoins into the global financial system. This development will open new avenues for developers and users.&nbsp;</p>   
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   https://twitter.com/coinbase/status/1819014623099519119 
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<h2 class="wp-block-heading" id="h-key-features-and-support"><strong>Key Features and Support</strong></h2>   
<p>The stablecoin is designed to bring trust and compliance to businesses and developers and will facilitate global commerce on the Base network. Circle Mint and its APIs will <a href="https://cryptonewsland.com/circle-makes-history-as-first-stablecoin-issuer-to-achieve-eu-mica-compliance/" target="_blank" rel="noreferrer noopener">support minting</a> and redeeming of EURC on Base. This provides financial institutions with seamless access to this stablecoin.&nbsp;</p>   
<p>Leading partners such as Aerodrome <a href="https://www.coinbase.com/" target="_blank" rel="noreferrer noopener nofollow">Coinbase</a>, Coinbase Wallet and Uniswap Labs are supporting EURC launch on Base. This collaboration underscores commitment to integrating EURC into various financial and trading platforms.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-broader-implications-and-use-cases"><strong>Broader Implications and Use Cases</strong></h2>   
<p>The launch of EURC on Base follows the successful introduction of USDC on the same network last year. USDC has become the largest stablecoin on Base with nearly $3 billion in circulation and 97% market share among stablecoins.</p>   
<p>Developers, fintech companies, exchanges and traders can leverage EURC on Base for a variety of use cases worldwide. These include foreign exchange trading, borrowing, lending and other decentralized finance (DeFi) applications. The ability to <a href="https://cryptonewsland.com/why-circle-chose-stellar-for-its-renowned-eurc-after-ethereum-and-avalanche-success/" target="_blank" rel="noreferrer noopener">convert fiat currency</a> to EURC or USDC on Base through Circle Mint accounts further enhances flexibility and utility of these stablecoins.&nbsp;</p>   
<p>The Introduction of EURC on Base represents a significant advancement in integration of euro-backed stablecoins into the global financial system. With strong support from leading partners and a variety of use cases, EURC is poised to enhance efficiency and reach of euro-denominated transactions.&nbsp;</p>   
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/why-circle-chose-stellar-for-its-renowned-eurc-after-ethereum-and-avalanche-success/">Why Circle Chose Stellar for its Renowned EURC After Ethereum and Avalanche Success</a></li>   
 <li><a href="https://cryptonewsland.com/circle-makes-history-as-first-stablecoin-issuer-to-achieve-eu-mica-compliance/">Circle Makes History as First Stablecoin Issuer to Achieve EU MiCA Compliance</a></li>   
 <li><a href="https://cryptonewsland.com/membrane-finance-launched-first-euro-backed-stablecoin/">Membrane Finance Launched First Euro-backed Stablecoin</a></li>   
 <li><a href="https://cryptonewsland.com/usdc-issuer-circle-to-launch-euro-backed-stablecoin-euroc/">USDC Issuer Circle to Launch Euro-Backed Stablecoin EUROC</a></li>   
 <li><a href="https://cryptonewsland.com/ethereums-base-surges-past-8-billion-tvl-overtakes-op-mainnet/">Ethereum's Base Surges Past $8 Billion TVL, Overtakes OP Mainnet</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/circle-launches-eurc-on-base-mainnet/">Circle Launches EURC on Base Mainnet, Expanding Euro-Backed Stablecoin Reach</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Circle Launches EURC on Base Mainnet, Expanding Euro-Backed Stablecoin Reach

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