Circle Launches New Euro Stablecoin on Solana for Faster, Cheaper Euro Transactions
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Circle deployed its EURC euro stablecoin on the Solana blockchain to enable faster, cheaper cross-border transactions and remittances.
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EURC is now supported on Solana DeFi apps and wallets like Jupiter Exchange, Meteora, Orca, and Phoenix.
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Circle plans for EURC to be a regulated e-money token under upcoming EU digital asset regulations.
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EURC aims to provide euro savings and stability without needing a bank account, helping protect against currency risks.
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Circle's USDC stablecoin is the second largest after Tether's USDT, but euro stablecoins have struggled to gain traction so far.