EURC Expands to Solana Blockchain for European Remittance Corridors
As the leading euro-backed stablecoin, EURC aims to facilitate transactions in European remittance corridors. Recently, Solana became the fourth blockchain to support EURC natively, following Avalanche, Ethereum, and Stellar.
Seamless Building and Transactions with EURC on Solana
The integration of EURC on Solana allows for smooth building and transactions across both EURC and USDC on the network. This integration offers faster and more cost-effective solutions for global money transfers. Circle Mint’s institutional-grade on and off-ramps empower businesses to effortlessly convert EUR to and from EURC.
Enabling Foreign Exchange and Financial Services
The availability of EURC on Solana will generate opportunities for foreign exchange and financial services within the Solana ecosystem. Additionally, users will benefit from near-zero cost payments.
1/ The holiday season is nearly upon us and we have an early surprise…$EURC is now available on @solana‘s ultra-fast, near-zero cost network!
The time is now for 24/7 on-chain FX with global, instant settlement. Learn more https://t.co/hrCirklYGY
— Circle (@circle) December 18, 2023
Regulatory Compliance and Security
EURC is planning to achieve full conformity with the Markets in Crypto-Assets (MiCA) regulation as an e-money token when the new European regime comes into effect. This commitment ensures that developers and users utilizing EURC on Solana can rely on strong regulatory compliance, enhancing trust in the stability and security of the stablecoin.
Expanding the Global Financial Ecosystem
The expansion of EURC to Solana not only extends its reach but also aligns with Circle’s mission to create a seamless and efficient global financial ecosystem. This integration will connect users and businesses with innovative financial solutions on an expanding range of blockchain platforms.
Hot Take: EURC Expands to Solana for Faster and Cheaper Transactions
EURC’s integration with the Solana blockchain brings faster and cheaper transaction solutions for global money transfers. With seamless building and transactions across EURC and USDC, users can enjoy near-zero cost payments. The expansion to Solana not only broadens the reach of EURC but also strengthens regulatory compliance through plans to conform with MiCA regulations. Circle’s mission to create a global financial ecosystem is further realized by connecting users and businesses with innovative financial solutions on various blockchain platforms. This integration marks a significant step towards achieving efficient and secure remittance corridors in Europe.
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