Coinbase Announces EUROC-to-EURC Name Change and Trading Suspension
CryptoNewsTerminal Staff06 Jun, 2024
Coinbase Announces EUROC-to-EURC Name Change and Trading Suspension
Coinbase Updates EUROC to EURC, Suspends Trading Coinbase has announced that EUROC, a stablecoin, will change its name to EURC on June 19th. This update from the issuer, Circle, aims to align the stablecoin's name with its underlying asset, the Euro. To facilitate this change, EUROC trading will be temporarily suspended from 8 AM PT on June 17th to 3 PM PT on June 19th. This suspension ensures a smooth transition and minimizes disruption for users. The name change will not affect the underlying value or functionality of the stablecoin. Users' assets will remain secure and accessible, with no further action required. This update aligns with Coinbase's commitment to providing users with clear and consistent information about the tokens they hold. The name change to EURC accurately reflects the stablecoin's Euro-backing, making it easier for users to understand and transact with the asset.
