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⭕️CIRCLE LAUNCHES EURC STABLECOIN ON LAYER 2

⭕️CIRCLE LAUNCHES EURC STABLECOIN ON LAYER 2

Day: 09 | Time: 18:03 Circle, one of the leading players in the cryptocurrency industry, has announced that its EURC stablecoin, backed by the euro, will soon be launched on the Layer 2 Base network. This represents a significant step in the digital asset economy, bringing the trust and compliance associated with Circle's offerings to the digital equivalent of the euro. Circle's EURC stablecoin joins USDC, the largest stablecoin on Base, which has a circulation of over $3 billion. Both stablecoins are compliant with the new MiCA regulation, making them the first stablecoins on Base from a global issuer to adhere to these rigorous standards. Meanwhile, due to regulatory changes, several exchanges are adjusting to MiCA by delisting euro-denominated stablecoins, while Tether expresses reluctance to comply.

Image of Circle stablecoin EURC launch on Layer 2 Base network