Euro-backed stablecoin Euro Coin (EUROC) is now live on cryptocurrency exchange Coinbase.

Euro Coin, originally introduced by Circle in June 2022, is pegged to the value of the euro and is 100% backed by euros in EUR-denominated bank accounts.

Coinbase now provides full support for EUROC, which appears to be the first stablecoin pegged to the Euro to receive such support. While competing Euro-pegged stablecoins, such as Stasis Euro (EURS), Euro Tether (EURT), and sEUR (SEUR), can be stored in the Coinbase wallet, they cannot be traded on the exchange. Celo Euro (CEUR) and other Euro stablecoins are not supported by Coinbase at all.

Furthermore, Coinbase offers varying degrees of assistance for U.S. dollar stablecoins, such as Tether's USDT, Maker's DAI, and Paxos' PAX, although not all of them are listed on the primary exchange.