EURC EURC Price

What is EURC (EURC)?

Issued by Circle, EURC stands out as a euro-backed stablecoin that is 100% backed by euros held in euro-denominated banking accounts, ensuring a seamless 1:1 redeemability for euros.

The primary objective of EURC is to usher in a new era for both foreign exchange (FX) and digital banking. Operating 24/7 and moving at internet speed, EURC, in conjunction with USDC, opens up exciting possibilities for multi-currency digital banking and near-instant foreign exchange. This is especially significant considering that daily volumes in traditional markets can exceed $6.6 trillion globally.

EURC's appeal lies in its accessibility, as it is available to anyone with an internet connection. This accessibility enhances cross-border and cross-time zone transactions in euros, making it a valuable asset for individuals, businesses, exchanges, and institutional traders alike.

Euro Coin proves its worth through a full-reserve model, ensuring that each EUROC is 100% collateralized by a corresponding EUR held in accounts subject to regular public reporting of reserves. This meticulous approach mitigates price risk and provides users with the advantages of transacting with blockchain-based assets.

Euro Coin has been strategically issued on both Ethereum and Avalanche, tapping into the strengths of these blockchain networks. This not only ensures a robust and secure platform for EURC but also facilitates its integration into various digital ecosystems.

EURC finds utility across diverse sectors:

Exchanges: EURC enables customers to seamlessly convert euros into Euro Coin, unlocking access to new digital asset trading pairs and facilitating near-instant stablecoin FX.

Institutional Traders: Institutional traders can make markets with Euro Coin, capitalizing on arbitrage opportunities across digital asset exchanges and decentralized finance (DeFi) platforms.

Businesses: By accepting Euro Coin payments, businesses can expand their customer base and enjoy faster cash flow. Euro Coin also facilitates global payments to suppliers, vendors, and employees with settlement times measured in minutes.

Individuals: Euro Coin empowers individuals to pay for goods at participating merchants, transfer money quickly across borders to friends and family, and participate in the innovative Web3 ecosystem and DeFi platforms.

In conclusion, Euro Coin (EURC) stands at the forefront of the digital currency revolution, offering stability, accessibility, and versatility. As the world embraces the potential of blockchain-based assets, EURC emerges as a reliable and efficient means of transacting in euros, transcending borders and time zones. The collaboration between EURC and USDC marks a significant stride toward reshaping the future of digital banking and foreign exchange.

Euro Coin (EURC) employs a meticulous full-reserve model, ensuring that each EUROC is 100% collateralized by a corresponding EUR held in accounts subject to regular public reporting of reserves. This approach not only provides users with the advantages of transacting with blockchain-based assets but also mitigates price risk, offering a stable and reliable digital asset experience.

What is unique about EURC (EURC)?

Euro Coin (EURC) is a euro-backed stablecoin, 100% collateralized by euros in secure banking accounts, providing stability and accessibility for multi-currency digital banking and near-instant foreign exchange at internet speed.

Who are the founders of EURC (EURC)?

Euro Coin (EURC) is issued by Circle, with the founders being Jeremy Allaire and Sean Neville. Their vision drives the innovation behind this revolutionary stablecoin.

Who are the backers/investors of EURC (EURC)?

Circle, the company behind EURC, has garnered support from notable investors such as Goldman Sachs, Bitmain, and Baidu, contributing to the stablecoin's credibility.

Where can I buy EURC (EURC)?

You can buy EURC (EURC) on Coinbase, Kraken, Bitstamp, CoinExCEX.IO cryptocurrency exchanges.