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USDC Issuer Circle Launches EUROC Stablecoin on Avalanche Network
Coinbase lists Circle's euro stablecoin, EUROC
Crypto-Related Unicorns you probably never heard of!
I'm looking for a properly audited Euro stablecoin and I found EURS by Statis, thoughts ?
Leaving CEX, acquiring fiat and trading on DEX
Leaving CEX, acquiring fiat, trading on DEX
Stablecoin Issuer Circle Expanding Euro Coin (EUROC) to Major Ethereum Rival in 2023 - The Daily Hodl
Could UK Prime Minister’s Stance on Crypto Spur Stablecoin Adoption across Europe?
Euro offramp for US citizen/resident?
Is Crypto and Stablecoins like EUROC, BUSD and USDC worth investing into with small amounts of money?
Stablecoin Dominance 8 Jul 2022: USDT 44.15%, USDC 37.29%, BUSD 11.95%, DAI 4.3%
Stablecoin Dominance 8 Jul 2022: USDT 44.15%, USDC 37.29%, BUSD 11.95%, DAI 4.3%
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There's also EUROC, USDC Euro variant from Circle. And more recently EUROe was launched. Slowly but steadily Euro-based coins are becoming available.
Circle issues EUROC, which is the EURO equivalent of USDC. It is available on Coinbase (at least for EU traders).
I can see stablecoins doing this. Coinbase is already offering free USDC transfers. Given the price of credit card transactions, I could see a future where shops accept EUROC transfers and pay 90% lower transaction fees. Although, tbh, that future could still be via Visa and Mastercard.
Circle are slowly getting some EUROC institutional adoption for cross border payments in Europe, but it's reaaally slow
tldr; Euro stablecoins are expected to gain traction in the market due to their real-world applications and regulatory clarity, according to Patrick Hansen, the European Union strategy and policy director at Circle. Currently representing only 0.3% of the stablecoin market, euro-denominated tokens have a value of $300 million. However, with increasing use cases in remittances, business-to-business transactions, and integration into existing European payment systems, the market for euro stablecoins is expected to grow. Hansen also highlighted the potential for decentralized finance to deliver real-world uses, such as car loans, in local currencies, leading to more regionalized liquidity pools. The passage of regulatory regulations in the European Union will provide further clarity for the euro-denominated stablecoin market. Circle has applied for a license in France to make its Euro Coin (EUROC) a fully compliant e-money token. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Lol there's EUROC. Circle launched it a year ago.
tldr; Safello, the leading crypto exchange in the Nordics, has announced plans to list Euro Coin, Circle Internet Financial's euro-backed stablecoin. This move comes after Safello became the first Swedish platform to list Circle's USDC stablecoin. Euro Coin, or EUROC, is available on the Ethereum and Avalanche networks and has a circulation of over 47 million euros. Safello's listing of EUROC opens up new possibilities for multi-currency digital finance and near-instant exchange for its user base. The partnership with Circle is seen as a step towards catering to the growing demand for stablecoin usage in the financial industry. Safello's institutional clients will now have access to both USDC and EUROC, allowing for faster and more efficient cross-border settlements. The ability to mint these stablecoins directly via Circle Account eliminates the need for multiple intermediaries. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I saw a new one by circle not too long ago for the Euro called EUROC but other than that I’m not too sure I’ve seen one called GYEN for stable Japanese Yen but I’m afraid that’s about it I’m sorry I hope this helped a little!
tldr; SAP, a leading software company, is testing the use of USD Coin (USDC) and euro-based stablecoin EUR Coin (EUROC) to provide convenience for users in international payments. The company believes that current international payment methods are expensive and slow, and these challenges can be overcome by leveraging blockchain technology. SAP has developed an application called “SAP Digital Currency Hub” for this purpose, which is currently in the testing phase. The application will operate on the Ethereum (ETH) network and is currently being tested on a test network. The SAP Digital Currency Hub aims to streamline and simplify the international payment process, making it more efficient and cost-effective for businesses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Just use EUROC. The best part of it is, it actually exists.
just a little side note: circle (the guys who made USDC), have now another EURO stable coin called EUROC.
Circle has EUROC - and the EU's latest MiCA regulation covers stablecoins.
EUROC from Circle and EURT from Tether, hold both of them. They’re supported only on ETH main net as far as I know, fees are not going to be cheap.
EUROC is less than a year old and growing. I'm all for the rise of a stable regulatory framework in the eurozone and more EUROC pairs.
im still mad that EUROC (the same company as USDC) is not commonly used/supported on any exchange.
tldr; Avalanche has launched AvaCloud, a launchpad for deploying and scaling no-code, fully managed custom blockchains, aimed at businesses that want to launch blockchains quickly with minimal overhead costs. AvaCloud is also interoperable with Circle's euro-backed token EUROC, which is now natively available on the Avalanche C-chain. Avalanche is Aave’s third-largest market by total value locked, behind Polygon’s PoS chain and Ethereum, according to DeFi Llama. Avalanche also plans to launch Avalanche Warp Messaging (AWM), a communication protocol for Avalanche broadly analogous to Cosmos’ Inter-Blockchain Communication (IBC). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Circle, the issuer of USDC stablecoin, has launched its Euro-based stablecoin called EUROC on the Avalanche Network. The EUROC stablecoin is available on Avalanche for developers and is already supported by several dApp ecosystems. Circle believes that bringing the Euro Coin to Avalanche will not only bolster the liquidity of the Euro but also offer "optionality to global users who desire to engage in euro transactions using Euro Coin." This development marks yet another stride for Circle, which has been busy launching new products and targeting new markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The launch of the EUROC stablecoin on the Avalanche network is a positive development for the crypto industry as it provides another option for those looking to invest in stablecoins.
If EUROC is indeed not algorithmic i'm swapping most of my stables to it as it offers a more reliable form of value storage for users. Especially hose wary of the volatility often associated with algorithmic stablecoins.
It would be interesting to see them launch on Noble because 25% of the transaction fees go to CosmosHub stakers, could end up not only getting USDC but also EUROC and other kinds of fiat stablecoins as well.
>In an announcement sent to Cointelegraph, the Circle team said that the launch is part of their multi-chain strategy for EUROC. The team said that the availability of EUROC on Avalanche increases its liquidity and gives users the option to transact in euros along with its USD-backed stablecoin, USD Coin (USDC). > >The stablecoin issuer launched EUROC last year as a regulated stablecoin that’s fully backed with euro reserves. This means that each EUROC token will have an equivalent euro held in custody at United States-regulated financial institutions. It'll be interesting to see if the prominence of USD-pegged stablecoins get pushed out as the USD loses dominance in overall trade
USDC/EUROC. A lot of it.
Sponsored by Circle and EUROC, which will likely have the same features once regulations are finalized. Do not trust centralized stablecoins of any kind.
I'm not a believer that USD is going to collapse, not it the catastrophic way people on reddit seem to think, but given the constant attacks on crypto from the US administration, we should be doing our best to make USD irrelevant (or at least, less relevant) for countries where US dollars are not the native currency (i.e. everyone bar the 337.5 million in the USA). We need more diverse stable-coins pegged to a number of currencies from countries where crypto is becoming better adopted. Liquidity is always the problem, but over-collateralised coins with a smart treasury protocol, like [Mento](https://reserve.mento.org/) on the CELO chain (which currently supports cUSD, cEUR and cREAL) could be the solution. DAI could easily launch a such a coin, and Circle already has a EUROC coin, which has recently listed on Coinbase, and Tether has EURT, but I'm not sure how may pairs outside USDC/T you can trade these against, and where, and obviously that's where the utility is.
From the article: >The traditional currency market is something like a $7 trillion-a-day, mostly over-the-counter business. It’s opaque and complex. There’s no official prices. And an estimated one-third of all volume (about $2 trillion daily) has settlement risk, according to a 2022 Bank for International Settlements survey. > > Meanwhile, this USDC/EUROC pool completed transactions on a public ledger, and did it really efficiently. During the study period, prices stuck within a few basis points of the conventional EUR/USD exchange rate. There was weekend liquidity, a time when the traditional FX spot market goes dark. And there were fewer intermediaries and their associated fees and frictions. Automation worked.
Circle, a worldwide financial technology platform that also issues EUROC and USDC tokens, has declared having filed some applications for licenses in France. In line with the applications, the platform intends to become a registered institution dealing with money as well as a licensed entity offering services related to digital assets. The regulatory requirements established by the French Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) are very strict. Nonetheless, the platform is attempting to get licensed within the jurisdiction to offer its services to the citizens. If authorized, Circle would become the initial platform to obtain complete approval under the regulatory regime of the AMF. This move points toward the company’s determination to push the boundaries of its activities within Europe and France would turn into a chief hub for the operations of Circle. After being registered with the AMF, Circle will be capable of offering a package of services and products to clients in France while completely complying with regional regulations.
**If you're looking for an escape of USDC, you can currently swap it for EUROC (Circle's Euro stablecoin) at no premium on Uniswap.** 😺
And EUROC for us communists.
tldr; Coinbase is adding support for Euro Coin (EUROC) to its crypto trading platform. The ETH-based stablecoin aims to stay pegged to the Euro. Trading will begin on or after 9am PT on February 22, if liquidity conditions are met. Binance CEO Changpeng Zhao said investors may turn to non-US dollar-pegged and algorithmic stablecoins amid regulatory pressure on Binance USD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Finally! EUROC should join the USDC gang.
EUROC 🚀🚀🚀 Wait... it is an stablecoin... 😭
Good, this will help to pump EUROC stablecoin.
tldr; Researchers at Circle and Uniswap have published a paper on the cost of remittances in the foreign exchange market using DeFi protocols. The authors studied trading activity of Circle’s US Dollar Coin (USDC) and Euro Coin (EUROC) from July, 2022 to January, 2023. They found that the DeFi market was providing a reasonable alternative to traditional forex, with good price efficiency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Bullish on EUROC. I was tired of converting my EUR to BUSD or whatever. It was about time EU had a EUR backed stablecoin.
Who is issuing/backing the EUROC? How reliable are these people? Just curious as someone in the US where there’s a good chance all stables in USD are gonna be subject to crazy regulations or worse.
Saved you a click. Support for Euro Coin (EUROC), a euro-backed stablecoin, will go live on Coinbase in regions where trading is supported, the exchange said on Twitter. Trading is slated to begin on or after 9 a.m. PST, Feb. 22, once liquidity conditions are met and asset supplies are established, said Coinbase, adding that after which the launch of EUROC-USD and EUROC-EUR pairs will continue in phases. Coinbase will support EUROC as an ERC-20 token on the Ethereum network. It warned users to avoid sending the asset over other networks, or funds may be lost. The EUROC token will launch with the Experimental Label, designated for new or low volume tokens on the exchange, said Coinbase. Stablecoins such as EUROC have recently come under regulatory scrutiny, with the Securities and Exchange Commission earlier this month threatening a lawsuit against stablecoin issuer Paxos over the listing of Binance’s BUSD stablecoin. The SEC action led to “constructive discussions” between the two entities and the severing of relations between Binance and Paxos.
Well, for what it's worth there's EUROC now too: the USDC euro equivalent. 😺
Morning from Europe, another nice day to ignore the existence of EUROC as it seems.
This is probably one of the reasons people are having a hard time understanding this really isn't a bad thing, they have the mentality that kraken can do no evil. But they offered staking on btc, usdc, EUROC, tether all coins that can't be staked for rewards so these were obviously loans and should have been disclosed to the customer.
Kraken also offered "staking" with usdc, btc,EUROC, tether and those dont generate staking rewards
another one.. EUROe, EUROC, EURO(a|b|d|f|g...) Most will fail down the road...
Yeah! It's great to see '' United States-based Circle Inc. released its own euro-backed stablecoin in June, but its Euro Coin (EUROC) was initially custodied by Silvergate Bank, a U.S.-regulated entity. '' ^/s
I would go with EUROC just because Circle is behind of it, if it fails or something happens, USDC will be affected too so that gives me confidence.
Well, there are some available. EUROC by Circle is the most prominent one I guess. But even that one didn't gain any traction yet.
I can use it in DeFi. The whole point is to swap my euro stablecoin with other crypto. 1inch accepts EUROC, Uniswap accepts EURS, etc. There are plenty DEX.
There’s Circle’s EUROC. Unsure of the latest audits on it though, however the euro stable coin to crypto pairings are somewhat limited.
I buy crypto on a CEX - because it’s the cheapest way - then convert to USDC, instantly withdraw to a hardware wallet and use DEXs. I’m also from the EU, though I don’t see EUR/USD as a problem.. it’s much less volatile than cryptos are, so I just stick to USDC. Sometimes I add liquidity to the USDC/USDT pool to earn some extra percents. > Is there a way that I can convert fiat to EUROC without the need for a CEX? Some wallets let you buy crypto using credit cards.. though in the background they also use some CEX for liquidity and they usually charge a few percent. It’s usually cheaper to use a (free) SEPA bank transfer to a CEX and instantly withdraw.
I'd never heard of it before. Who invests in stablecoins like this? What did they promise you in order to entice you to invest in algo stablecoins like this? People just like to learn in the hard way. For us, UST was an eye-opener. I hope it's too late to start investing in fully-reserved and audited stablecoins, such as USDC, BUSD, EUROC, EEUR, etc.
Let's see if this one gains more traction than EUROC by Circle...
USDC still remains one of the best stablecoins alongside BUSD, EEUR and EUROC which are fully backed and audited. Any decrease in supply could be attributed to investors redeeming their USDC for fiat which is how it was designed.
Once again I was proven right. Fully backed and audited stablecoins such as USDC, BUSD, EEUR and EUROC remain the best. I can't believe people were already engineering fud saying Circle was going bankrupt.
I definitely hope that the limitation will not be adopted. Even if it is, I hope that Tether's version of EUR stablecoin (EURT) will not become the most prevalent option. I'd prefer e.g. Circle's EUROC.
Apart from being easy to transfer, stablecoins like USDC, EUROC, EEUR, etc are 100% backed by native fiat money and government bonds. So they are more representative of fiat money on the blockchain. And the good thing is they transcend borders and banking hours.
Well, it is about time that EUR based stablecoins are released because EUR wants to force exchanges to only allow them. BEUR, EUROC and maybe EURT.
To save you a click: \- European Union’s proposed Markets in Crypto Assets to go into effect in 2024 \- Circle's EU policy head thinks this is good for EUR stablecoins (EUROC) \- EU has overtaken US as largest crypto economy \- CME, the world’s largest derivatives exchange, recently added euro-denominated Bitcoin and Ethereum futures \- next step is DeFi regulation. MiCa framework allows 18 months to develop this.
"As of Tuesday afternoon, EUROC has a market capitalization of $76 million and has remained steady since the middle of August. Stablecoin market caps tend to mirror circulation, since they’re designed to hold a 1:1 peg with their backing fiat currency and are created or destroyed when users buy or redeem tokens." I wonder who's even using EUROC at this moment?
We already have EUR stablecoins like EURS and EUROC although their volumes are low. In principle I like that EUR stablecoins are offered. I would not like EUR stablecoins being stuffed down our throats while USD stablecoins are restricted.
I think there are some euro stablecoins backed by EU currency already. The likes of EUROC by Circle and EEUR by E-money are both backed by native fiat money and government bonds.
I once received 20 EUROC for depositing a certain amount of EUR to FTX. That was cool, bought ETH and turned it into €15 in a week.
Meanwhile EUROT, EUROC and EEUR also battle it out on the Euro side :) All Solid stablecoins!
Don't let this put you off stablecoins. There are still reliable ones available, such as USDC, BUSD, eEUR, and EUROC.
since the Euro is tanking, is Circle's new stablecoin EUROC going to lose its peg?
I'm sticking with USDC and might hold some EUROC
Meh, wake me up when they accept USDC or EUROC stablecoins are more suitable for daily payments
I am also curious to see how the new EUROC stable coin from Circle will be doing. Tried to see where I can get it, but don’t see much options besides BitPanda and DFX Finance. Ones they get more on/off ramps it could grow quickly imo
Blockchain by itself is worthless. Your either mine coins to convert to real currency, or use real currency to buy coins. Why would I use euros, to buy EUROC, only to have it backed by euros?