Euro Stablecoin EURC Stablecoin Launches On Ethereum Layer-2 Blockchain Base
Portfolio Pulse from Murtuza Merchant
Circle has launched the euro-backed stablecoin EURC on the Base mainnet, an Ethereum Layer 2 network. This move aims to enhance liquidity and accessibility for euro-denominated transactions. Key industry players like Coinbase and Uniswap Labs have pledged support for EURC, which complies with the EU's MiCA regulation.
August 01, 2024 | 5:41 pm
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Coinbase has pledged support for the newly launched EURC stablecoin on the Base network, which could enhance its service offerings and attract more users.
Coinbase's support for EURC could attract more users to its platform, enhancing its service offerings and potentially increasing its market share in the stablecoin space.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The launch of EURC on the Ethereum Layer-2 Base network could increase transaction volumes and activity on the Ethereum blockchain.
The integration of EURC on the Base network is likely to increase transaction volumes and activity on the Ethereum blockchain, benefiting its ecosystem.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Uniswap Labs' support for EURC on the Base network could enhance its liquidity pools and attract more users to its decentralized exchange.
Uniswap Labs' backing of EURC could improve liquidity pools on its platform, making it more attractive to users and potentially increasing its market share.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70