Circle’s EURC Stellar Integration Now Available To Optimize Trading

Key Points:

• Circle’s euro stablecoin, EURC, is now live on the Stellar network.
• EURC Stellar integration introduces a digital euro with fast, affordable, and reliable transactions.
• Ripio, a leading Latin American crypto company expanding into Spain, is the first to adopt EURC on Stellar.

Circle and Stellar have made a significant announcement during the Stellar Meridian conference in Madrid, revealing that Circle’s euro stablecoin, EURC, will find its place on multiple blockchain networks, including Ethereum and Avalanche, and has now officially launched on the Stellar network.

EURC Stellar Integration Expands Trading Capabilities

EURC, similar to USDC, is a fiat-backed stablecoin, ensuring a 1:1 redeemability for euros under a full-reserve model. Stellar becomes the third blockchain platform to accommodate EURC at its inception.

The EURC Stellar integration ushers in a digital representation of the euro, offering businesses and developers a versatile global digital currency that capitalizes on Stellar’s speed, affordability, and reliability. EURC transactions can occur around the world 24/7 with low costs and near-instant processing times, empowering businesses and developers to provide real-time foreign exchange and remittance services, even to those without access to traditional banking services.

Ripio Is The First to Offer EURC on Stellar Wallet

Rachel Mayer, Circle’s VP of Product Management, emphasized their commitment to financial inclusion and innovative payment solutions. Already, the EURC Stellar integration has garnered the attention of ecosystem companies. Ripio, a prominent crypto firm in Latin America expanding into Spain, has become the first to incorporate EURC on Stellar into its wallet application, enabling users to deposit and withdraw euros seamlessly.

This development signifies a step forward in promoting accessible, efficient, and low-cost financial services, with Stellar at the forefront of facilitating these advancements.

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.