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Circle Launches Euro Coin on Avalanche Platform for More Efficient Cross-Border Transactions

Circle, a stablecoin issuer, has announced the launch of Euro Coin (EUROC) on the Avalanche platform. This move is part of Circle's multi-chain strategy for EUROC and will increase its liquidity and offer users the option to transact in euros alongside its USD-backed stablecoin, USD Coin (USDC).

EUROC is a fully regulated stablecoin, with each token supported by an equivalent quantity of euros held in custody at U.S.-regulated financial institutions.

The launch of EUROC on Avalanche is expected to provide universal accessibility to the euro and open up new possibilities for remittances and payments, accelerating the adoption of decentralized finance (DeFi) on a global scale.

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