- Circle, the financial services company behind the USDC stablecoin, has added support for the EURC stablecoin on the Solana network.
- EURC is pegged to the euro and can now be traded on Solana, Ethereum, Avalanche, and Stellar networks.
In a recent tweet, Circle announced the availability of EURC on Solana’s fast and low-cost network, enabling 24/7 on-chain foreign exchange and instant settlement.
Solana joins a growing list of networks supporting EURC, providing users with a secure and convenient way to store savings in euros without the need for a traditional bank account.
Notable applications like Jupiter Exchange, Meteora, Orca, Raydium, and Phoenix support instant currency exchange, trading, and lending in EURC on the Solana network.
Circle is expanding its support for stablecoins, having previously announced support for six blockchains for the USDC stablecoin. The company also plans to conduct an IPO in 2024.
For more information, you can read about the peculiarities of stablecoin regulation in Europe and Ukraine on Incrypted’s website.