Circle Takes Euro Coin Multi-Chain with Launch on Avalanche
BOSTON, May 25, 2023 /PRNewswire/ -- Circle, a global digital financial technology firm and the issuer of USDC and Euro Coin, today announced the launch of Euro Coin on Avalanche, the first in a series of expected multi-chain launches for the fully reserved euro-backed stablecoin to help deliver faster, more efficient payments and financial services for developers and their users.
- Bringing Euro Coin natively to Avalanche can help increase euro liquidity and provide optionality to global users who wish to transact in euros with Euro Coin, as well as in U.S. dollars with USDC.
- Avalanche developers who support USDC in their apps will find it easy to integrate Euro Coin as the two Circle-issued stablecoins are based on similar smart contract designs.
- "We continue to see great adoption and volume behind Circle's USDC, and expect great feedback and usage of Euro Coin on Avalanche.
- Circle Account holders can now access Euro Coin liquidity on Avalanche to trade or lend in crypto capital markets, custody, or make and accept payments with Euro Coin on Avalanche.