Circle Introduces EURC Stablecoin on Base Network

IconCryptoNewsTerminal Staff09 Jul, 2024

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Circle Introduces EURC Stablecoin on Base Network

Circle, the issuer of the popular USDC stablecoin, has announced the expansion of its Euro-backed stablecoin, EURC, to Base Network, a Layer 2 network from Coinbase. This move is part of Circle's strategy to enhance the utility and accessibility of EURC, providing users with a more efficient and cost-effective way to transact in Euros on the blockchain. The integration with Base Network will enable faster and cheaper transactions for EURC users, leveraging Base's scalability and low transaction fees. This will be particularly beneficial for businesses and individuals who require frequent Euro transactions within the Base ecosystem, offering them a reliable and cost-effective solution. By expanding EURC's reach to Base Network, Circle aims to strengthen the adoption of Euro-based stablecoins within the broader cryptocurrency ecosystem. This move aligns with Circle's commitment to fostering a more open and accessible financial system, where users have the flexibility to choose the most suitable stablecoin for their needs.

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