Circle Launches Euro Coin on Solana Blockchain

Circle, a fintech peer-to-peer payment company. It is the issuer of USDC stablecoin. Circle announces that it will add Euro Coin (EUROC) on Solana blockchain in the first half of 2023. . Solana version of Euro Coin will be listed on FTX exchange.

Currently, Euro Coin only runs on Ethereum blockchain. Cirlces will expand users into European market. Euro Coin is a Euro-backed stablecoin the same as USDC Dollar-backed stablecoin.

Market Capitalization of Stablecoins in 2022

1. Tether - $69 billion

2. USDC - $43 billion

3. BUSD - $22 billion

4. Dai - $6 billion

References

-https://cryptopotato.com/circle-announces-euro-coin-euroc-expansion-to-solana-blockchain/

-https://www.coindesk.com/business/2022/11/07/usdc-issuer-circle-to-add-solana-support-for-euro-coin-in-2023/