Stablecoin issuer Circle has launched a euro-backed digital currency. Solana brush
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“EURC is well-positioned to fundamentally improve peer-to-peer transfers and their utility across the European remittance corridor,” the company said in a statement. “Developers and users can now build and trade both EURC and USDC on Solana. This is possible faster and at a lower cost. “It’s a way to send, spend and save money around the world.”
Now adding Solana to the mix brings the number of blockchains utilized by EURC to four. Circle’s Euro-backed coins also use:
Avalanche, Ethereum and Stellar.
“The launch of EURC at Solana is an important step toward a more efficient, inclusive, and user-centric financial ecosystem,” Rachel Mayer, vice president of product management at Circle, said in a statement. “Users can also save safely in euros without a traditional bank account.”
App is ready
Circle also said it has apps like: Jupiter exchange, meteor, killer whaleand Phoenix Solana is ready to support EURC.
““We are excited to support Circle’s EURC at Solana and usher in an era of abundant Euro liquidity on-chain,” said Jupiter Co-Founder Ming Ng said in a statement: ““In addition to USDC, Jupiter will now provide simple, unified access to EURC to all users, as well as major wallets, exchanges, GameFi apps and NFT platforms, across the Solana ecosystem.”
Jupiter’s decentralized exchange integration program is one of Solana’s most important projects, with trading volume reaching nearly $1 billion in October.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal and has covered companies including Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a variety of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.