This is great news for anyone looking to invest in a stable cryptocurrency.
Plus, it’s easy to use across different blockchains like Ethereum, Solana, and Avalanche. Let’s discover more about this important news for EURC.
Experience Hassle-Free Euro-Backed Stablecoin Storage and Trading
What makes this even sweeter is that Bitcoin Suisse is offering a 0% crypto custody fee for holding EURC in their online accounts. This means that clients can store their EURC without worrying about extra costs. For cold storage there, the custody fee is just 0.20% per year, which is pretty reasonable.
The EURC is issued by Circle. Just back in July 2024, Circle’s French branch received an Electronic Money Institution license. This allows them to issue both USDC and EURC in the European Union. This is while following important regulations known as the Markets in Crypto Assets Regulations, or MiCAR for short. By doing this, Circle becomes the first global stablecoin issuer to meet these strict requirements, ensuring that users can trust the EURC.
Bitcoin Suisse welcomes #EURC with a 0% crypto custody fee 🔥
✅ EURC is a fully backed #euro #stablecoin issued by @circle and is supported across multiple blockchains, including Ethereum, Solana, Avalanche, and more.
💡 The 0% crypto custody fee allows our clients to hold… pic.twitter.com/ycm3oLK4ER
— Bitcoin Suisse (@BitcoinSuisseAG) October 16, 2024
Stablecoins like EURC are important because they help make trading and transactions easier. Instead of worrying about the price of Bitcoin going up and down, users can hold a stablecoin that stays close to the euro’s value. This makes it easier for people to spend, save, or trade in the crypto world without the usual rollercoaster ride of price changes.
More About Circle
Circle has just unveiled Modules, a groundbreaking feature designed to transform how developers customize their wallets. Modules are pre-built, audited smart contracts that enable developers to tailor their wallets to fit specific use cases, making it easier than ever to enhance functionality.
Modules are pre-built, audited smart contracts that a developer can use to customize their wallet according to their use case.
Built on an open standard (ERC-6900), Modules allows developers to quickly and easily improve their wallet’s functionalities like never before. pic.twitter.com/T8cC9Puks5
— Circle Developer (@BuildOnCircle) October 16, 2024
Built on the open standard ERC-6900, which was co-authored by Circle, Modules standardize smart account interfaces and allow for the creation of secure, interoperable, and composable building blocks across EVM chains.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
