Thursday (16.6.) Jeremy Allairefounder, chairman and CEO Circle Internet Financialannounced that his company will presentAnother large fiat background stable coin“, and that it had launched it on the main network of Ethereum.
Circles says $ EUROC can be useful for stock exchanges, institutional traders, businesses and individuals.
Circle’s $ EUROC product page also mentions that Euro Coin “will be officially launched on June 30 with the support of several ecosystem leaders”. These include cryptographic exchanges such as Binance.US, Bitstamp and FTX, DeFi startup companies such as Compound, Curve and Uniswap, cryptographic repositories such as Achorage Digital, and cryptographic wallet vendors such as Ledger and MetaMask.
His Twitter threadThe CEO of Circle mentioned that:
- “Like the USDC, the Euro Coin is issued in accordance with a regulated money transfer framework, in accordance with the same rules that govern the USDC, with full euro-denominated funds, the same security, liquidity and transparency that the market is accustomed to expect from the Circle.“
- “Euro Coin expands the range of applications in the markets for payments, intra-chain currency, trade finance, trade and the wider digital assets market. The launch symbolizes the shift in the cryptocurrency market towards ever-increasing value from blockchain infrastructure.“
- “Euro Coin will be available to institutional customers through a free Circle account from June 30, 2022. Developers can begin integration into the Euro Coin Intelligence Agreement today, before its official release.“
h/t – CryptoGlobe