Circle is bringing Euro Coin to Solana in first half of 2023
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Circle is expanding Euro Coin to Solana in the first half of 2023.
Once Circle has launched its cross-chain protocol, it will also expand that to Solana.
Payments firm Circle is bringing Euro Coin to the Solana blockchain and expanding its cross-chain protocol to Solana in the first half of 2023.
Circle only launched Euro Coin as a European take on its popular stablecoin USDC in June. Euro Coin works in the same way but is pegged to the euro instead of the dollar. It’s currently live on the Ethereum blockchain.
FTX will add support for the Euro Coin when it goes live on Solana, Circle said in a statement. Circle said other decentralized finance protocols have also expressed interest in supporting the stablecoin when it launches.
“The availability of Euro Coin on Solana unlocks new use cases for instant FX, provides optionality for traders with a new base currency, allows for Euro Coin lending and borrowing, and will be available alongside USDC as a payment currency in Solana Pay,” said Sheraz Shere, head of payments at Solana Labs.
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