• Circle has launched its euro-backed stablecoin Euro Coin on Avalanche, a smart contracts enabled layer-1 blockchain.
• The stablecoin is expected to bring more liquidity to the Avalanche network and help developers and their users experience near-instant, more cost effective financial transactions.
• Wallets that support Euro Coin on Avalanche include Coinbase Wallet, MetaMask, BENQI, Cables, Core, and Curve.
Circle Launches Euro-Backed Stablecoin On Avalanche
Circle has launched its euro-backed stablecoin Euro Coin on Avalanche, a smart contracts enabled layer-1 blockchain. The addition of the euro-backed stablecoin is expected to bring more liquidity to the Avalanche network and help developers and their users experience near-instant, more cost effective financial transactions.
Benefits Of Having Euro Coin On Avalanche
The deployment of Euro Coin on Avalanche means apps that support USDC can easily integrate the digital currency into their platforms. This will enable anyone with an internet connection to have access to euros across borders and time zones without having to worry about conversion costs or delays in processing payments. In addition, it opens up new possibilities for payments, remittances and 24/7 FX for developers and other users of the network.
Euro Coin To Bring Multi-Chain Liquidity To Developers
Circle says it expects Euro Coin’s launch on Avalanche will be the first in a series that’s set to see the euro-backed stablecoin bring multi-chain euro liquidity to developers around the world. Joao Reginatto, VP of Product at Circle commented: “By launching Euro Coin on Avalanche’s fast and efficient platform, we can help developers and their users experience near-instant, more cost effective financial transactions and unlock new possibilities for payments, remittances and 24/7 FX.“
Wallets Supporting Euro Coin On Avalance
Wallets that support the euro backed stable coin on Avalance include Coinbase Wallet, MetaMask,, BENQI,, Cables,, Core,,and Curve.. John Nahas VP of Business Development at Ava Labs said: “We continue to see great adoption and volume behind Circle’s USDC ,and expect great feedback from users when they start using Euro Coin on avalanche.”
Conclusion
Circle’s launch of its euro backed stable coin on Avance brings many benefits such as access across borders quickly through integration with USDC wallets as well as increasing liquidity for developers around the world with multi chain options available through this launch . Wallets supporting this new currency are Coinbase Wallet ,MetaMask ,BENQI ,Cables ,Core & Curve .