USDC

USDC-Issuer-Circle-to-Launch-Euro-Backed-Stablecoin-EUROC
USDC Issuer Circle to Launch Euro-Backed Stablecoin EUROC

Issuer of USDC, Circle, will launch a new stablecoin called Euro Coin (EUROC) EUROC will be officially launched on June 30th. Developers can now start integrating Euro coin’s smart contract today. Circle, the financial tech firm behind USDC, will be launching a new stablecoin called Euro Coin (EUROC). The new stablecoin was designed with a full-reverse model same as USDC to ensure the coin is redeemable 1:1 for euros. Even though traders have lost their trust to stablecoins due to the recent depegging of UST, the fintech still decided to launch the additional stablecoin backed by euro reserves. A euro-denominated

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USDC-Cements-4th-Rank-Amid-MoneyGram-Stellar-Sync
USDC Cements 4th Rank Amid MoneyGram-Stellar Sync

USDC is now the fourth-largest cryptocurrency by market capitalization. MoneyGram has partnered with Stellar to enable users to send USDC anywhere. MoneyGram CEO Alexander Holmes mentioned his desire to streamline crypto transfers in El Salvador. US dollar-based stablecoin USD Coin (USDC) has nabbed the fourth position among all cryptocurrencies from Binance Coin (BNB). This milestone occurred after global money transfer service MoneyGram partnered with Stellar Foundation. Specifically, the mentioned partnership will now allow MoneyGram to empower customers to send USDC and convert the stablecoin into fiat. Hence, this will enable full stablecoin access across all countries where MoneyGram is available.

2 mins read