Following the successful introduction of USDC, Base and Coinbase is now expanding their offerings to include the euro.
Introducing EURC: A New Era for Digital Euros
This euro-backed stablecoin is fully compliant with the EU’s Market in Crypto-Assets (MiCA) regulation. This will ensure that it meets stringent regulatory standards and provides users with a reliable, secure digital asset. The introduction of EURC on Base marks a major milestone in the integration of global currencies into the blockchain ecosystem. This will offer users a seamless way to transact in euros across various platforms.
One of the most attractive features of EURC on Base is the zero-fee structure for transactions. Transfers from Coinbase to Base are free, eliminating any additional costs for users looking to move their EURC assets. Similarly, sending EURC on Base using Coinbase Wallet also incurs no fees. This fee-free approach is designed to encourage widespread adoption and ease of use.
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Broad Platform Availability
This means that users can transact with EURC on Aerodrome, a decentralized exchange that facilitates efficient trading of various digital assets. It is also supported on Coinbase and Coinbase Wallet, ensuring that users have easy access to their digital euros through one of the most widely used crypto platforms. Additionally, EURC can be utilized on Uniswap, a leading decentralized exchange known for its extensive liquidity and a broad range of token pairs.
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Users can begin by transferring USDC or other assets to Coinbase, then seamlessly convert or transfer their funds to Base. From there, managing and utilizing EURC on the supported platforms is as simple as a few clicks.
Whether trading, holding, or transferring EURC, users can benefit from the stability of the euro combined with the efficiency and transparency of blockchain technology.
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.
