Circle’s Euro stablecoin “EURC” also adopts Solana blockchain

EURC fast trading with Solana

Major stablecoin company Circle has issued the first euro stablecoin, “EURC”, on the virtual currency blockchain Solana. It’s a look that Solana also adopted.

Regarding EURC, Avalanche, Ethereum, and Stellar have been adopted so far, but Solana is the fourth network to be supported.

Circle said of Solana’s adoption, “Developers and users will be building and transacting faster and lower-cost ways to send, pay, and save money using both EURC and USDC (U.S. dollar stablecoins) on Solana. You can do that,” he said.

“The launch of EURC on Solana is an important step toward a more efficient, inclusive, and user-centric financial ecosystem,” said Rachel Mayer, VP of Product Management at Circle, in a statement.

In addition, Solana EURC will be handled by Solana’s major DEXs such as Jupiter, Orca, and Phoenix.

1/ In collaboration with @circleKamino will provide various $EURC products from Day 1

– Kamino Lend will accept $EURC as collateral
– Kamino Liquidity will offer an automated $EURC – $USDC Vault

We’re excited to welcome $EURC to Solanapic.twitter.com/e283OhescM

— Kamino (@Kamino_Finance) December 18, 2023

Ethereum currently ranks first in terms of the number of USDC stablecoins in circulation, worth $20 billion. Next is Solana, valued at $5 billion.

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