Base Welcomes the Launch of Circle’s EURC Euro-Backed Stablecoin

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If you are following the latest trends in cryptocurrency, you must have heard about the exciting news regarding Circle’s EURC stablecoin. This euro-backed stablecoin is now live on the Base mainnet, allowing developers and users to mint and redeem EURC. Supported by major partners like Coinbase and Uniswap, this development marks a significant milestone in the world of decentralized finance.

Circle's Euro-Backed Stablecoin EURC Launches on Base

The Impact of EURC on Base

Circle’s EURC stablecoin is designed to facilitate global commerce on Base, a leading Ethereum Layer 2 solution. By introducing EURC on Base, Circle is demonstrating its commitment to creating a global on-chain economy that promotes innovation and freedom. This stablecoin can be used for various financial activities such as trading, borrowing, lending, and payments, making it a versatile asset for businesses, developers, and users.

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Key Partners Supporting EURC

At launch, EURC on Base is backed by several major partners including Aerodrome, Coinbase, Coinbase Wallet, and Uniswap Labs. These partnerships enhance the usability and accessibility of EURC, opening up new opportunities for individuals and organizations in the cryptocurrency space.

Building on Success: USDC on Base

Prior to EURC, Circle had launched its US dollar-backed stablecoin, USDC, on Base. USDC has quickly become the largest stablecoin on the platform, with nearly $3 billion in circulation and a dominant market share. With plans to increase corporate and customer USDC balances on Base, Coinbase is spearheading the growth of stablecoins on the platform.

The Benefits of EURC and USDC

Both EURC and USDC are fully regulated, backed 1:1 by euros and dollars respectively, and can be easily integrated into various applications. These stablecoins offer institutional on/off ramps and retail access to Coinbase’s global on/off-ramp network, making them attractive options for businesses and individuals looking to enter the cryptocurrency market.

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Powering Global Use Cases with EURC and USDC

Developers, fintech companies, exchanges, and traders can leverage EURC and USDC on Base for a wide range of global use cases. By streamlining financial transactions, enhancing liquidity, and supporting the DeFi ecosystem, these stablecoins are driving innovation and adoption in the cryptocurrency space.

Join the Revolution with Circle’s Stablecoins

If you’re interested in exploring the world of stablecoins, Circle’s EURC and USDC are excellent options. Qualified financial institutions can access on/off-ramps for converting fiat currency to EURC or USDC on Base by applying for a Circle Mint account. Developers can also start building with these stablecoins using Circle’s open-source, permissionless protocols.

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Token Information:

EURC

Token Symbol: EURC

Mainnet Address: 0x60a3e35cc302bfa44cb288bc5a4f316fdb1adb42

Testnet Address: 0x808456652fdb597867f38412077A9182bf77359F

USDC

Token Symbol: USDC

Mainnet Address: 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913

Testnet Address: 0x036CbD53842c5426634e7929541eC2318f3dCF7e

Keep up with the latest developments in the cryptocurrency space by staying tuned to Extreme Investor Network for insightful updates and analysis!

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