EddieJayonCrypto

 19 Dec 23

tl;dr

:Circle Internet Financial has launched its euro-backed stablecoin EURC on the Solana blockchain, aiming to facilitate foreign exchange transactions and remittances. This expansion follows implementations on other blockchains and is expected to enhance utility across peer-to-peer transfers and Europ...

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Circle Internet Financial has launched its euro-backed stablecoin EURC on the Solana blockchain, aiming to facilitate foreign exchange transactions and remittances. This expansion follows implementations on other blockchains and is expected to enhance utility across peer-to-peer transfers and European remittance corridors. Stablecoins are a crucial part of the digital asset market, bridging fiat money and cryptocurrencies, and are increasingly used for savings in developing countries and for cross-border remittances. Circle plans for EURC to be a regulated e-money token under upcoming European Union-wide digital asset regulations.

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