Euro Coin Stablecoin Backed By Euros Will Trade On Coinbase

Key Points:

• In areas where trading is permitted, Coinbase will support Euro Coin (EUROC), a stablecoin backed by the euro, the exchange said on Twitter.
• If liquidity requirements are satisfied and asset supplies are established, trading is expected to start on or after 9 a.m. PST on February 22. After that, the launch of the EUROC-USD and EUROC-EUR pairs will continue in stages.

In areas where trading is permitted, Coinbase will support Euro Coin (EUROC), a stablecoin backed by the euro, the exchange said on Twitter.

Coinbase will add support for Euro Coin (EUROC) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on

@Coinbase & @CoinbaseExch in the regions where trading is supported.

If liquidity requirements are satisfied and asset supplies are established, trading is expected to start on or after 9 a.m. PST on February 22. After that, the launch of the EUROC-USD and EUROC-EUR pairs will continue in stages.

The ERC-20 token for Euro Coin on the Ethereum network will be supported by Coinbase. Users were cautioned not to send the asset across other networks as they risked losing money. According to Coinbase, the Experimental Label, reserved for the exchange’s newest or lowest volume coins, will accompany the introduction of the EUROC token.

The Securities and Exchange Commission threatened to sue stablecoin issuer Paxos earlier this month over the listing of Binance’s BUSD stablecoin, bringing stablecoins like EUROC under regulatory scrutiny.

The SEC’s intervention caused “productive negotiations” between the parties, and Binance and Paxos severed their connections.

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