2 years ago
Coinbase has listed Euro Coin (EUROC), according to an announcement from the institution connected Feb. 28.
EUROC was primitively introduced by Circle successful June 2022. The plus is pegged to the worth of the euro and is 100% backed by euros successful EUR-denominated slope accounts — a signifier that should guarantee the stablecoin tin beryllium afloat redeemed astatine immoderate time.
Euro Coin is akin to its better-known counterpart, USD Coin oregon USDC, which is pegged to the American dollar. Coinbase and Circle support a adjacent narration arsenic the 2 founding members of Centre, the consortium primitively liable for launching USDC.
EUROC appears to beryllium the archetypal Euro-pegged stablecoin that is afloat supported by Coinbase. According to Coinbase’s listing pages, the competing stablecoins Stasis Euro (EURS), Euro Tether (EURT), and sEUR (SEUR) tin beryllium custodied successful the Coinbase wallet but not traded connected the exchange. Other euro stablecoins, specified arsenic Celo Euro (CEUR), are not supported astatine all.
Coinbase besides offers varying levels of enactment for the U.S. dollar stablecoins Tether’s USDT, Maker’s DAI, and Paxos’ PAX. Not each of those stablecoins are listed connected its main exchange.
Today’s listing comes conscionable 1 time aft Coinbase announced that it would suspend trading of the Binance USD (BUSD) stablecoin — and connected the aforesaid time that the institution unveiled its crypto argumentation advocacy program, Crypto 435.
The station Coinbase lists Circle’s euro stablecoin, EUROC appeared archetypal connected CryptoSlate.
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