Circle launches euro-backed stablecoin EUROC
Circle has introduced a fully-reserved stablecoin Euro Coin (EUROC) backed by euros. The Euro Coin will be available from June 30
By Shashank Bhardwaj
Circle Internet Financial, the issuer of USD Coin (USDC), announced on June 16 the launch of Euro Coin (EUROC), a stablecoin pegged to the euro, which will be available to the masses from June 30.
The Euro Coin is a regulated, euro-backed stablecoin which shares the same full-reserve model as USDC. It is built upon the USD Coin's concepts of transparency and security.
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