Circle to launch euro-pegged stablecoin
finextra.comBusinesses can use EUROC tokens to move euro liquidity on-chain, accept and make euro payments globally that can settle in minutes, and access crypto capital markets for trading, borrowing and lending. Circle says that Euro Coin is fully-backed by euro-denominated reserves held conservatively in the custody of leading financial institutions "within the US regulatory perimeter".Initially launching on the Ethereum blockchain, the coin will have support at launch from a number of big industry players, including Anchorage Digital, Binance.US, Bitstamp, Compound, Curve, CYBAVO, DFX, Fireblocks, FTX, Huobi Global, Ledger, MetaMask Institutional, and Uniswap Protocol.
Jeremy Allaire, CEO, Circle, says: “There is clear market demand for a digital currency denominated in euros, the world’s second most traded currency after the U.S. dollar.
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