Coinbase Adds Support for Euro-Pegged Stablecoin From Leading USDC-Maker Circle

High US-based crypto trade platform Coinbase is abruptly including help for a stablecoin pegged to the Euro from Circle, the issuer of USDC.

In a brand new thread on the social media platform X, Coinbase Property says that the agency will start supporting Euro Coin (EURC) on January twentieth.

“Coinbase will add support for EURC on the Ethereum network (ERC-20 token) and trading will begin on 20 June 2024 at or around 3PM ET. Do not send this asset over other networks or your funds may be lost.”

In keeping with Coinbase, EURC will probably be added to the crypto trade with an experimental label, a designation established by the crypto trade for riskier and extra unstable digital property.

Coinbase goes on to note that Euro Coin goes via a reputation change that’s taking extra time than initially anticipated, hampering service. The stablecoin’s token is being renamed from EUROC to EURC.

“The renaming of Euro Coin (EUROC) to EURC is taking longer than expected. We apologize for these delays, but rest assured your funds are safe and our teams are working as quickly as possible to restore full service.”

Circle initially launched Euro Coin on June thirtieth, 2022 over the Ethereum (ETH) blockchain however later expanded to different crypto property, resembling Solana (SOL), and Stellar (XLM).

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