Euroc: Circle Launches Euro-Pegged Stablecoin, Expanding Beyond USDC

Circle, the company behind the widely used USDC stablecoin, is expanding its horizons with the launch of Euroc, a stablecoin pegged to the Euro. This marks a significant step for Circle in the stablecoin market and offers users new opportunities within the digital asset space.

The launch of Euroc comes at an interesting time for Circle, who are also navigating the public markets. Hace 4 días Circle, the issuer of the popular USDC stablecoin, has launched its initial public offering, looking to raise about $624 million at a $5.65 billion valuation. The IPO highlights the growing interest in stablecoin issuers and the broader crypto ecosystem. Hace 4 días Circle, the issuer of the crypto stablecoin USDC, said current stockholders plan to sell 14.4 million shares in the offering, bringing the size of the IPO to 24 million shares. Hace 4 días Circle Internet Group, the leading issuer of the USDC stablecoin, has launched its initial public offering (IPO), offering 24 million shares of Class A common stock.

Euroc provides a stable and reliable way to transact and interact with the Euro currency on blockchain networks. This can be particularly useful for international transactions, remittances, and decentralized finance (DeFi) applications. As the digital economy becomes more global, stablecoins like Euroc are poised to play an increasingly important role.

The firm PARIS – J – Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced that it has become the first global stablecoin issuer to achieve a new milestone in providing trusted and transparent digital currency infrastructure. The launch of EURC strengthens Circle's position as a leader in the stablecoin market.

Stay tuned for more updates on Euroc's availability, use cases, and its impact on the future of finance.