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As USDC Stablecoin Gains Momentum, a Euro Version Is On Its Way

  • Euro Coin to launch as Tether redemptions boost Circle’s USDC
  • New stablecoin to be fully backed by euro-denominated reserves
Euro Coin
Source: Circle Internet Financial
Updated on

Circle Internet Financial Ltd. is launching a euro-based version of its popular USDC stablecoin, which has been gaining traction after its closest rival Tether has come under increased scrutiny. 

Euro Coin -- EUROC -- will be available June 30 to institutional customers as a regulated, euro-backed stablecoin, issued under the same full-reserve model as USDC, Circle said in a statement Thursday.