Solana Welcomes EURC to its Blockchain
Crypto company Circle has announced that its euro-backed stablecoin, EURC, is now available on the Solana blockchain. This move expands the utility of EURC by allowing developers and users to transact with both EURC and USDC on Solana for faster and more cost-effective transfers. With this addition, EURC now operates on four blockchains, including Avalanche, Ethereum, and Stellar. Circle believes that this launch will contribute to a more efficient and inclusive financial ecosystem, offering users the ability to securely hold savings in euros without relying on traditional banks.
Apps Ready to Support EURC
Circle has also revealed that popular apps such as Jupiter Exchange, Meteora, Orca, and Phoenix are prepared to support EURC on Solana. Jupiter co-founder Ming Ng expressed excitement about providing simple access to EURC for users, wallets, exchanges, GameFi apps, and NFT platforms across the Solana ecosystem. Jupiter’s decentralized exchange aggregator is a significant project on Solana, boasting a trading volume of nearly $1 billion in October.
Hot Take: Expanding Opportunities for Stablecoin Users
The addition of EURC to the Solana blockchain opens up new possibilities for stablecoin users. By enabling faster and more affordable transactions, developers and individuals can now leverage the benefits of both EURC and USDC on Solana. This expansion not only enhances the utility of stablecoins but also contributes to a more inclusive financial ecosystem. With apps like Jupiter Exchange ready to support EURC on Solana, users have even greater access to euro liquidity and can securely hold savings without relying on traditional banks.
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