Circle Will Introduce Euro Coin To Solana Early In 2023
In the first half of 2023, payments company Circle will add Euro Coin to the Solana blockchain and extend its cross-chain protocol there.
As a European version of its well-known stablecoin USDC, Circle only introduced Euro Coin in June. The same principles apply to Euro Coin, which is tied to the euro rather than the dollar. Currently, it is operational on the Ethereum blockchain.
When it launches on Solana, FTX will add support for the Euro Coin, according to a statement from Circle. Other decentralized finance protocols have shown interest in supporting the stablecoin when it starts, according to Circle.
“The availability of Euro Coin on Solana unlocks new use cases for instant FX, provides optionality for traders with a new base currency, allows for Euro Coin lending and borrowing, and will be available alongside USDC as a payment currency in Solana Pay,” said Sheraz Shere, head of payments at Solana Labs.
Circle also intends to include Solana in the scope
This protocol was unveiled in September and is scheduled to launch on Ethereum and Avalanche at the start of 2023. In the first part of 2023, Circle plans to deliver it to Solana.
Crypto projects can transfer USDC between blockchains via the cross-chain transfer protocol. Instead than employing wrapped tokens, it employs versions of the stablecoin that are native to each chain.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Author
Uncategorized
Circle Will Introduce Euro Coin To Solana Early In 2023
In the first half of 2023, payments company Circle will add Euro Coin to the Solana blockchain and extend its cross-chain protocol there.
As a European version of its well-known stablecoin USDC, Circle only introduced Euro Coin in June. The same principles apply to Euro Coin, which is tied to the euro rather than the dollar. Currently, it is operational on the Ethereum blockchain.
When it launches on Solana, FTX will add support for the Euro Coin, according to a statement from Circle. Other decentralized finance protocols have shown interest in supporting the stablecoin when it starts, according to Circle.
“The availability of Euro Coin on Solana unlocks new use cases for instant FX, provides optionality for traders with a new base currency, allows for Euro Coin lending and borrowing, and will be available alongside USDC as a payment currency in Solana Pay,” said Sheraz Shere, head of payments at Solana Labs.
Circle also intends to include Solana in the scope
This protocol was unveiled in September and is scheduled to launch on Ethereum and Avalanche at the start of 2023. In the first part of 2023, Circle plans to deliver it to Solana.
Crypto projects can transfer USDC between blockchains via the cross-chain transfer protocol. Instead than employing wrapped tokens, it employs versions of the stablecoin that are native to each chain.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Other Posts
Related Posts
Latest
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!
Press Release
The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
