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2024 — The Year of Solana? USDC Issuer Circle Deployed EURC On Solana
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Sure! Right now I’m lending weETH on AAVE. Virtually zero lending yield but you get 3% or so from staking. Also some Ether.fi points but I have no idea how much yield or $ that translates into. Then I borrow whatever stable has the lowest cost. Right now it’s crvUSD or EURC (2-5%). Then I swap for RLUSD and lend on AAVE for a bit over 10% yield. Other solid options are Pendle (USDe or cUSDO PT for 13-15% fixed yield) and Euler (a bit over 10% for USDC and USDT pools). These are relatively low risk options. You can probably find higher yields on concentrated pools and whatnot. Also I usually borrow around 50% of my collateral to avoid liquidation yield. But it’s nice earning some extra yield while keeping exposure to ETH
No, I don't know what you mean. You say you got paid "in Bitcoin" "in EURC". You need to explain yourself more clearly.
Pegs to other currencies (i.e. EURC) exist but they do have a negligible market share so far.
The simple reason is there isn’t demand for it. If there was the rates would be higher. That said the market is a voting machine in the short term and a weighing machine in the long term. Eventually people will realize Americas only viable option is to inflate the debt away and I think you will see adoption of EURC and baskets of currencies.
There's definitely yields and opportunities for EURC in defi. You can get paid to borrow it on Aave right now--and that's Aave, not some like brand new, launched by a twitter anon with an anime girl NFT avatar. Kamino on Solana is doing 4.something %. That isn't mindblowing but most bank accounts in the EU are giving you 2% or less. EUR stables definitely aren't as big as USD ones but they are used. Most of the major money markets on the biggest chains and L2s support them.
Not sure what you mean. For example, I'd like to swap ETH EURC and then swap back for a swing trade. My profits would be cashed out to EUR instead of holding them in USD, and the benefits would be that the base currency I use in Europe would not have any losses (due to the constantly changing price of the dollar).
yeah, the loan works fine, I am more interested in exiting to a stable, that's more stable :) and EURC to EUR is a lot friendlier.
Ty! [Yield Rankings - DefiLlama](https://defillama.com/yields?token=EURC&category=Lending&attribute=single_exposure)
I use it but not sure I know how to filter/find single-sided EURC pools or platforms that offer most of their product on that stable.
Check out Defilama for lending pools for EURC. I use Aave. Converting EURC to EUR is great via Coinbase as there is no fee and spread. Kraken does not support EURC though.
I think Circle abandoned EURC, I might be wrong. But being in the EU, I feel you. I really want EUR stablecoins to become a standard too.
With 80% chance of a US rate cut in September, you might also consider EURC. This stablecoin is also issued by Circle but on a Euro basis.
tldr; Visa has expanded its stablecoin offerings by integrating three new stablecoins—Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC)—and adding support for Stellar and Avalanche blockchains, alongside existing Ethereum and Solana integrations. This move enhances Visa’s settlement platform, enabling users to send, receive, or convert stablecoins into fiat currencies. Visa aims to bridge traditional finance with blockchain technology, leveraging partnerships with Circle, Paxos, and others to drive global digital payments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Visa has expanded its stablecoin settlement platform to include PayPal's PYUSD, Paxos-issued USDG, and Circle's EURC, alongside its existing support for USDC. The platform now operates across four blockchains: Ethereum, Solana, Stellar, and Avalanche. This expansion allows Visa's partners to settle transactions in both dollar- and euro-backed stablecoins, enhancing cross-border payment flexibility. Visa aims to create a multi-coin, multi-chain infrastructure to meet growing demand from developers, banks, and merchants. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
You've missed it. There's JPYC and EURC. Issued by circle as well, same issuer as USDC. If you're American, then makes sense that you missed them because there's really not much opportunities for you to deal with those currencies.
People might, after several blow up & exchanges list alternatives. Currently my local exchange has usdt pairs & local currency. If i wasn't european my only option would be through currency exchange or the banks. Furthermore, the biggest euro stable coin is EURC with 211 million $ marketcap. That is like 0.2% of usdt. And you expect the average farmer in say Argentina to accurately assess the risk if the covenant says that it's an 'official' USD coin that is exchangeable 1 to 1. It will be luna usdt all over again, but with trillions insteqd of billions.
Well a year ago one EURC could buy about one USDC and now it buys almost 1.2. So priced in Dollars it’s increased by around 20%. BTC has increased by 15% in that time. So for all the American BTC maxis out there….. You would have made more money in the last 6 months holding EURC. Stings, don’t it?
Seems to me the best way to protect yourself is to take those funds off the exchanges & into your own self custody crypto (hardware) wallet. That way your funds are with you. You can then connect to decentralized exchanges for trading & use things like USDC & EURC as stable options. The last thing you need is a reliable off ramp, a platform that helps you get back to fiat if & when you need it. But you already have many CEX accounts, so you should be good.
I actually started to use euro stablecoin EURC instead of USDC
Blend on Stellar Blend.xlm.sh for the app Blend.capital for the docs Aave/uniswap hybrid model, with near zero fees and very competent yields for >15 months. Several security audits completed + a public audit challenge. Get paid in USDC/EURC/MXN/BRL/XLM and receive an additional incentive in the form of a low market cap token with a lot of upside
What protocols don't support EURC that really should? I just checked & you can use it on AAVE for example.
There are a few EUR stablecoins with EURC being the most popular. [https://www.coingecko.com/en/categories/eur-stablecoin](https://www.coingecko.com/en/categories/eur-stablecoin) The sub has a 500 character to post rule so that trivial questions or comments go into the [Daily Crypto Discussion](https://www.reddit.com/r/CryptoCurrency/comments/1m34o5k/daily_crypto_discussion_july_18_2025_gmt0/).
Look for any MiCA approved coins. EURC, EORØP, EURI are some. EURC is by circle who also do USDC. Protip you can swap EUR:EURC in coinbase at 1:1. Problem is a lack of wide support for these coins currently.
Look, I agree with you. However, outside of the US (and Switzerland/Eurozone/Scandinavia), the general understanding is that USD is the correct way to store value (also EUR, but there are stables mirroring them too). Like, when a corrupt official is busted in Russia, they're busted with [stacks of USD/EUR, gold and real estate](https://ru.wikipedia.org/wiki/%D0%97%D0%B0%D1%85%D0%B0%D1%80%D1%87%D0%B5%D0%BD%D0%BA%D0%BE,_%D0%94%D0%BC%D0%B8%D1%82%D1%80%D0%B8%D0%B9_%D0%92%D0%B8%D0%BA%D1%82%D0%BE%D1%80%D0%BE%D0%B2%D0%B8%D1%87), not rubles (because they see USD as the best way to discretely store value). While OP is in Brasil, I don't think their situation is THAT different. They want to make a profit in Reals after all. If OP wants a portfolio of stables, they can just do 40% USDC, 40% EURC, 20% PAXG, all on ETH, and then HODL.
If you do this. You could always put some of it into a lending protocol like aave and earn interest on your usdc. I think it's at like 5% right now. Also, you might consider mixing up stable coins....USDC + EURC + DAI maybe.
Sure, it is a novel protocol where people can lend out USDC/EURC/MXN/BRL/XLM and other tokens to a pool. This pool can be used by users that need to borrow those currencies It can be used to do leverage trading, yield farming, or even support commerce. The dapp can be accessed at blend.xlm.sh and you’ll need a Stellar wallet. I can share more info about this if you decide to explore Take a look at this video around the 26 minute walk for a walkthrough: https://youtu.be/fIl_yQdn8-w?si=3nK4QO1NUpvI5Uis Main highlights: •Protocol is secure and audited by multiple independent audits + public audit competitions •Yield opportunities and variety of asset without exposure to crypto volatility is great. During bullish periods, degen traders really push up the APY •using the protocol can also reward you with the BLND token, which has a very high upside if the protocol continues its growth trajectory
EURC EURI Both fully MICA compliant and issued by Circle(USDC/Coinbase)
We have a Euro coin, Circle mints it and it's called EURC.
buy some EURC, dollar is trash
EURC is Circle's euro-backed stablecoin, fully compliant with MiCA and gaining traction in DeFi. It's becoming the go-to euro stablecoin, especially with Tether's EURt exiting the EU market.
Hey, from what you described, it's likely this EURC token is a scam or fake token with no real value or liquidity. Never share your private keys or seed phrases, and don't screenshare wallets. Best to stay clear of it and avoid giving access to your ETH or other wallets. If you want to trade real tokens, stick with well-known projects and reputable exchanges.
why don't you use USDC or EURC? They're also on Binance and higher liquidity.
but EURC is from the same company as USDC (Circle), therefore by diversifying between EURC and USDC I probably wouldn't decrease overall risk? Or would I? And in regards to liquidity, I only do 1 trade per month as I'm investor, so it may not have so much importance, I would suppose
EURC might be an option, while USDT is already banned.
Circle also has EURC which considering is a direct euro stablecoin is probably under a lot more scrutiny in the EU. Circle is probably more trusted because they also comply with EU MiCA regulation. At this point using USDT instead of USDC is just unnecessary risk.
If you're specifically worried about censorship-resistance and seizure risk, then the answer is simple: no centralized stablecoin is truly safe. USDC, EURC, USDT — all have blacklist functions. Even DAI is partially collateralized by USDC now. If you want non-confiscatable, you’re really talking about BTC or XMR (Monero) — not a stablecoin. But if you still need a relatively stable store of value for DCA, here are your main paths: LUSD (Liquity USD) – overcollateralized and censorship-resistant (no admin keys). But less liquid and harder to access from fiat directly. sDAI or RAI – more decentralized models, though still niche and less stable. Or skip stables entirely: convert fiat → BTC gradually using auto-DCA tools like Swan or Relay and hold cold. Lump-sum vs DCA? Historically lump-sum outperforms most of the time — but only if you’re emotionally ready to handle the dips. DCA smooths the ride psychologically, not necessarily economically. Your move depends on what matters more: control or convenience. You can’t have both 100% in crypto (yet).
Indeed. But i meant as an easy "safe haven" to edge against the currently weakening USD. Right now if you're on the sideline with a lot of USDC, it might be worth swapping some for EURC or PAXG.
But my point is a lot of crypto market is pumped.by USDT specifically. A lot of it also seems shady mind you. EURC has no influence with their almost non existing trading pairs
Well, there's always EURC: the equivalent of USDC.
If you like USDC u can straight up use EURC, same thing with €
USDC and EURC on Base network
Typical European activities not realizing EURC exists.
That's why I am parking my gains in n EURC.
Well, it's not really the same thing is it. USDC/EURC you have to hope some banker somewhere hasn't spunked the reserve on hookers and blow. Utterly useless, might as well just use fiat. BTC there is no reserve. The real replacement for BTC are true decentralized algorithmic stablecoins.
tldr; Circle's USDC and EURC stablecoins have been approved as recognized crypto tokens by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC). This marks the first time stablecoins have been approved under DIFC's crypto token regime. Over 600 financial institutions in DIFC can now use these stablecoins for payments, treasury management, and other financial applications. Circle's approval highlights its commitment to regulatory compliance and global standards for transparency and utility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
There is already Stasis EURO (market cap $128m) and EURC (market cap $100m) availabile globally. Total market cap today below $300m, why? Why if the total market cap of all stablecoins is above $230bn?
Anyone doing anything cool defi wise with EURC?
There will be layers build on top of Bitcoin to support payments. Give it time (you already have the lightning network btw). People who think that all needs to be settled on the base layer are delusional. Everything in this world is build using layers. And that's not a bad thing. The base layer is complex and not for everyone. Additional layers makes thing more simple and easier to understand (but you sacrifice on things, which again is ok). But I'm a firm believer in stable coins for spending (again you are delusional if you think USD, EUR, CNY is going away, smaller currencies will disappear though). In the future I'll be able to swap between Bitcoin and stable coins of my choice and pay with that. So Stable coins for day-to-day spending and Bitcoin as my savings account. I live in EU so I save in Bitcoin and swap regular to EURC for my daily spending. When I travel o USA I swap some to USDC for spending. Maybe I plan a trip to China and I swap to CNHT, etc.. All managed within my wallet.
EURT is delisted as well. USDC and EURC are MICA compliant.
Rotation of funds from one stablecoin to another. Both USDC and EURC are considered MiCA compliant
We will either use USDC/EURC or trade USDT through DEX
The dominance of MiCA-compliant stablecoins in the European market has led to a significant shift in trading volumes, with euro-denominated transactions surpassing previous records. Notably, MiCA compliance has enabled these stablecoins, like Circle's EURC and Société Générale's EURCV, to capture over 90% of the market share, contrasting with the challenges faced by non-compliant stablecoins like Tether. * [MiCA-compliant stablecoins dominate European market — Kaiko](https://cointelegraph.com/news/mi-ca-compliant-stablecoins-dominate-european-markets-kaiko) * [MiCA is Reshaping EUR Stablecoin Markets](https://research.kaiko.com/insights/mica-is-reshaping-eur-stablecoin-markets) ^(Hey there, I'm not a human \(sometimes I am :\) \). I fact-check content here and on other social media sites. If you want automatic fact-checks and fight misinformation on all content you browse,) [^(check us out.)](https://critiquebrowser.app)
tldr; As cryptocurrency adoption grows in Europe, MiCA-compliant stablecoins are capturing a significant market share. A report by Kaiko and Bitvavo highlights the expansion of euro-denominated trading volumes, which consistently exceeded 2023 averages in 2024. The euro has become the third most-traded fiat currency in crypto, with stablecoins adapting to new regulations. MiCA regulations have reshaped the stablecoin landscape, with Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI holding 91% of the market share by November 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Coinbase will restrict European users from trading certain stablecoins, including Tether (USDT), starting December 13, to comply with the Markets in Crypto-Assets (MiCA) regulatory framework. Other stablecoins like PAX, PYUSD, GUSD, GYEN, and DAI will also be delisted for being MiCA noncompliant. However, Coinbase will continue to support Circle's USDC and EURC, as Circle has secured a European stablecoin license under MiCA laws. Tether has not publicly responded to the delisting, and its future in Europe remains uncertain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It's EURT no? Tether have provided details of their reserves backing Tether. Has USDC and EURC?
Yes, EURC. Although it's not really like Tether, since it's actually backed up 1:1 with fiat.
tldr; Coinbase is set to delist Tether's USDT and five other stablecoins in Europe on December 13 due to non-compliance with the European Markets in Crypto-Assets Regulation (MiCA). This move affects Coinbase Europe, Coinbase Germany, and Coinbase Custody International. While USDT is a significant asset on Coinbase, accounting for over 12% of trades, the exchange will continue supporting USD Coin (USDC) and EURC. Tether has criticized some MiCA regulations and is working on compliant solutions for the European market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If you are in EU, and want to invest in stablecoin you have to invest in USDC or EURC, because of the MiCA. If you want to invest in BTC or another coin, choose one, just be aware of possible depreciation as well as appreciation. You can always buy anything OTC, if you don’t want to use official exchange.
and why not in EUR-backed stablecoin, such as EURC?
EURC, or Euro Coin, is a stablecoin that’s pegged to the euro, so its value doesn’t swing around like other cryptos. It's less risky in terms of price changes, but it’s still crypto, so there are other risks like the platform it’s on or potential regulatory issues. It’s mainly used for trading or storing value rather than for big gains, so if you’re looking for growth, it’s not really the same as more volatile coins like Bitcoin.
EURC, or Euro Coin, is a stablecoin that’s pegged to the euro, so its value doesn’t swing around like other cryptos. It's less risky in terms of price changes, but it’s still crypto, so there are other risks like the platform it’s on or potential regulatory issues. It’s mainly used for trading or storing value rather than for big gains, so if you’re looking for growth, it’s not really the same as more volatile coins like Bitcoin.
mr. chatgpt, what about EURC?
I am sure EURC is going to do it too.
To answer your questions: it’s super smooth, and low fees as it’s built on Stellar. Currently the drawbacks are limited assets due to ramped limits on Stellars new smart contract platform, and limited assets on Stellar generally. However USDC and EURC are available with liquidity, as well as XLM. These dynamics will change in the short term as the protocol ramps up infrastructure and product offerings.
"Starting **December 13, 2024**, Coinbase will restrict services for **USDT, PAX, PYUSD, GUSD, GYEN, and DAI** for retail customers in Europe under MiCA regulations. Affected users can: 1. Sell or convert these assets to USDC or EURC (which are MiCA-compliant). 2. Transfer the restricted stablecoins to self-custody wallets before the deadline. After this date, trading, custody, and receiving these assets on Coinbase will be unavailable. The platform may reintroduce services for compliant stablecoins in the future." So you either sell those coins before the deadline or take them into self-custody before the deadline
It would be great for USDC & EURC have stable coins in Apple wallets, alongside BTC and ETH. That’s it.
Same here but funny thing is that I started with DAI thanks to Coinbase rewards. Then also used UST but avoided the crash and now after MiCA, using EURC after long time using USDT and USDC.
Yeah, I’ve come across mixed opinions about EURS. If you're looking for safety, EURC seems to be the more reliable choice right now, especially if you’re concerned about anything controversial or high-risk. It’s always good to stack up on solid options before making a big move, especially in the volatile world of crypto.
The *safest* for euro backed stable coins would be EURC. Anything else is high risk right now
I think it could become at some point reserves to back different currencies. Treasuries will eventually be worthless. But the digital version of political currencies hopefully not cbdc will be the form of money. Like USDC EURC and so forth. These are backed by treasuries. I can see Bitcoin being a common reserve.
Will this be available for EU citizens? Maybe for EURC and EURi?
with EUR i’m sure you can trade 1:1 for EURC, maybe with USD rules has changed recently
Algorand are supporting third parties to build the stablecoins & exchanges required for on chain FX. There are already several stablecoins. Algorand has native atomic swaps which are perfect for FX exchange so the Herstatt risk is eliminated. There are a few interesting projects building things which may enable more on chain FX by adding more stablecoin usecases. Immersve + Pera Wallet + Mastercard are enabling stablecoins to be used to make mastercard payments. Some mainnet transactions for USDC have already been seen. Public live is expected soon. The way Immersve have built their smart contracts will allow them to extend to other stablecoins. I can see EURC being the next one due to the Eurozone having relatively clear regulation about how to handle stablecoins in the MiCA legislation. Immersve have said public payments in the eurozone will be available this year. The UN + Circle + Hesabpay. Is one that intrigues me. Hesab pay was a phone based payment system serving Afghanistan originallty used by the UN to distribute aid payments. This was seen as a success and now many payments for goods and services can be made. The UN consider it a success and now plan to roll it out to Afghanistan, Yemen, Syria, Libya, Sudan and Somalia. I am not sure how closely Circle are involved maybe they plan to use USDC instead of a Hesabpay created stablecoin for these geographies where the monetry systems can be complex. In Yemen for example only coins/notes created before 2017 are accepted in the north but all are accepted in the south. There are crypto based lending platforms like Folks Finance and CompX too where decent returns can be made on USD and Euro stablecoins. As the stablecoins variety currencies increases FX will naturally increase too. It will give customers a cheaper alternative to highstreet currency exchange with lower fees and spreads.
I get being a little paranoid but this level of paranoia, to the point it’s affecting your mental health, is unnecessary man. Use a Cypherock Wallet for cold storage, keep using air-gapped wallets, and just don’t do anything sketchy on your computer and you’ll be safe. If it makes you feel better, you can convert it all to USDC/EURC.
>I bet someone will enjoy playing with arbitrage now. USD-USDC-EURC-EUR Been doing this with EURS and EURD on Algorand for a bit already. Would be nice to be able to direcly ramp it through Coinbase instead of having to convert to USDC first.
Base will be probably free for both USDC and EURC.
The question is on what networks is EURC supported as native token.
They can just do a new EURC coin then ;)
It's almost never 1:1, but this opens up a nice arbitrage window. E.g. I buy some EURC for lower than the conversion on coinbase, and sell it for more, #profit
MiCA is forcing exchanges in Europe to comply with their rules. I am 100% sure that they want to force all of them to use EURC instead of USDC. It basically gives power to EUR.
EURC is MiCA regulated, there is a digital euro already live
tldr; Circle has received the first regulatory approval in the European Union for its stablecoin under the Markets in Crypto-Assets (MiCA) framework. This marks a significant milestone for regulatory clarity in the digital asset sector. Circle's USDC and EURC stablecoins are now compliant with new EU regulations, providing reassurance to investors. Circle also announced France as its European headquarters, highlighting the importance of MiCA for the legitimacy and stability of stablecoins. Despite lagging behind Tether's USDT in market share, this approval could boost demand for USDC in Europe and globally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Nice. So both are on Algo. But we miss some liquidity for EURC on defi protocol on any chains
The only correct answer. USDC and EURC is also natively issued on Stellar by circle and supported by licensed on/off ramps like moneygram.
Also need to make sure that the fees to off/ on ramp or buy EURC is correct when in calculating PnL btw
I'm curious about the advantage of a EURC over USDC I mean, if it is stable, does it matter? I suspect "exchange rate" will be part of it, but you aren't spending. Just holding
BTC : Self-custody cold wallet GBP : Custodial FSCS-insured bank account For BTC I use a Trezor Safe 3. Brilliant that. For Bitcoin only, the BitBox02 is another great option. I'm less trusting of Ledger but using any cold wallet is definitely preferably to keeping coins on a CEX or in a hotwallet. For GBP you have to store in physical cash or custody with a bank. Aside from physical cash, there isn't really a self-custody option. Good luck pulling out 0.5 BTC in cash though lol. As long as the Current account is FSCS insured, seems safe enough to me. That said, gov'ts have been known to seize fiat – see Greece in 2008 – so I hold some fiat in EURC or USDC on the blockchain. Downside is both float against GBP. Poundtoken doesn't yet have sufficient support to make me trust it. I can be verbose; let me know if you want more info. Cheers
tldr; The article discusses Circle's deployment of Euro Coin (EURC) on the Solana blockchain, expanding its native support and access to the Cross-Chain Transfer Protocol (CCTP). This move aims to bring faster, inexpensive transactions to global commerce and unlock new opportunities for multi-currency digital finance and on-chain foreign exchange. The integration of EURC on Solana is seen as a significant step forward in the world of digital finance, enhancing its utility and expanding the capabilities of the Solana blockchain. This development is expected to drive the adoption of blockchain technology and create more efficient and innovative applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
CBDCs on public blockchains won't be adopted. Not as fiat, at least. Maybe the dollar. Everything else is useless, like EURC(Circle) and EURT(Tether) proved. Little to no adoption.
USDC and hopefully EURC once adopted on more exchanges.
I don’t always use stablecoins. But when I do, it’s USDC. Circle seems transparent enough and I hope that their EURC project will take off.
tldr; Circle Internet Financial has released an open-source smart contract codebase called Perimeter Protocol, which aims to serve as a foundation for building tokenized credit markets. The protocol can support various credit use cases, including invoice factoring, payroll advances, instant settlement for merchants, and credit trading for institutional investors. Circle Research, the company's new division dedicated to open-source development, has also been launched. Tokenization of real-world assets is gaining momentum, with the potential to disrupt the existing financial system. Stablecoins, such as Circle's USDC and EURC, play a crucial role in blockchain-based lending markets. The release of Perimeter Protocol is expected to facilitate tokenization efforts and the development of decentralized finance (DeFi) credit platforms. OpenTrade's yield-generating tokenized U.S. Treasury pool is the first offering developed using Perimeter. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.