Stablecoin

Solana

EURC

Jupiter

USDC

Circle, a stablecoin issuer, has now expanded the reach of its euro-backed stablecoin, EURC, by integrating it into the Solana blockchain. This strategic move adds Solana to a growing list of blockchain platforms supporting EURC alongside Ethereum, Stellar, and Avalanche. This <a rel="noopener noreferrer nofollow" href="https://www.circle.com/en/eurc">expansion</a> signifies a significant shift in the stablecoin ecosystem, diversifying the blockchain base for EURC.
<h2 id="enhanced-financial-ecosystem-with-eurc-on-solana">Enhanced Financial Ecosystem with EURC on Solana</h2>
The integration of EURC onto Solana is not just a mere addition to its blockchain repertoire. It represents a significant <a href="https://coingape.com/circle-introduces-zero-fee-usdc-minting-through-circle-mint-ipo-looks-rocky/" rel="noopener noreferrer nofollow">advancement</a> in the utility of peer-to-peer transactions and European remittance corridors. According to Circle, this development offers developers and users new opportunities to build and transact with EURC and USDC on Solana. Consequently, this promises faster and more cost-effective global money transfers, spending, and saving methods.
<h2 id="fostering-a-user-centric-financial-ecosystem">Fostering a User-Centric Financial Ecosystem</h2>
Rachel Mayer, Circle’s VP of Product Management, emphasizes the importance of this launch. She highlights that the availability of EURC on Solana marks a step towards a more efficient and inclusive financial ecosystem. Moreover, it enables users to maintain euro savings securely without relying on traditional banking systems.
<h2 id="ready-to-use-applications">Ready-to-Use Applications</h2>
Several applications, including Jupiter Exchange, Meteora, Orca, and Phoenix, are already set up to support EURC on Solana. This readiness underscores the growing acceptance and <a href="https://coingape.com/global-stablecoin-settlements-already-at-50-to-that-of-visa-and-mastercard/" rel="noopener noreferrer nofollow">enthusiasm</a> of the market for such innovations. Jupiter Exchange, in particular, has gained notable traction in the Solana ecosystem. Its decentralized exchange aggregator, with a substantial trading volume, exemplifies the demand and potential for EURC’s integration.
Ming Ng, co-founder of Jupiter, expressed enthusiasm for the integration. He anticipates a new era of deep euro liquidity on the Solana blockchain. Jupiter’s commitment to providing streamlined access to EURC parallels the growing demand for diverse and efficient financial <a href="https://coingape.com/circle-policy-head-shares-key-predictions-on-potential-digital-euro/" rel="noopener noreferrer nofollow">solutions</a> in the blockchain world.
Significantly, Circle’s expansion of EURC onto the Solana blockchain is a strategic move that broadens the horizons for stablecoin utility. This development enhances the scope of financial transactions on blockchain platforms and paves the way for a more inclusive and user-friendly financial ecosystem.
Read Also: <a href="https://coingape.com/ftx-owes-more-to-lawyers-than-creditors-in-bankruptcy-case/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">FTX Owes More to Lawyers Than Creditors in Bankruptcy Case</a>
The post <a href="https://coingape.com/circle-expands-eurc-stablecoin-to-solana-blockchain/" rel="noopener noreferrer nofollow">Circle Expands EURC Stablecoin to Solana Blockchain</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Circle Expands EURC Stablecoin to Solana Blockchain

목차

Coingape News Media

2023년 12월 18일에 게재된 다른 기사

Last week’s big winners: Injective, Nugget Rush, Render and BONK

Blockstream CEO Reveals Expectations and Predictions for Bitcoin in 2024!

Ripple Vs SEC Lawsuit: What to Expect in 2024?

Palau Finance Ministry Launches Second Phase Of Its CBDC Project

Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

9 Christmas gift ideas for crypto enthusiasts

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!