Circle Launches Stellar-Based Version of Euro-Baked Stable Coin EURC
Stable coin issuer Circle has launched a Stellar-based version of its euro-backed stable coin EURC. EURC was previously only available on Ethereum and Avalanche. Stable coins or fiat backed crypto tokens have become an essential component of the Web3 ecosystem. These stable coins allow users to make payments, borrow the currency, lend for interest, and perform other fiat currency related operations on the Blockchain network. Currently US Dollar Baked USD Coin and Tether are the sixth and seventh largest cryptocurrencies by market cap. Let us tell you that on May 25, Circle launched a native version of