The issuer of the USDC stablecoin, Circle, recently announced that the Solana
network now supports the EURC stablecoin. This development represents an expansion of the supported blockchain networks for EURC, offering significant opportunities and possibilities for users and investors.
EURC enters Solana network
Leading payment technology company Circle has indicated that the EURC stablecoin is now available on the Solana network. With this move, Circle aims to increase the reach of EURC and take advantage of the rapidly growing popularity of the Solana ecosystem.
EURC is a stablecoin, which means that the digital asset is linked to the euro and is issued by Circle. By using this stablecoin, users can easily access digital euros for cross-border transactions, trading, and other financial activities, while benefiting from the stability typically associated with fiat-backed stablecoins.
Addition provides opportunities for Circle
With Solana now supporting EURC, they can offer users more flexibility and choices. The Solana ecosystem is known for its fast transactions and low fees, making it attractive to users seeking efficient and cost-effective transaction options.
With the addition of Solana to the list of blockchains where EURC is available, the total now stands at four blockchains. In addition to Solana, the stablecoin is also available on Avalanche (AVAX)
, Ethereum (ETH)
, and Stellar (XLM)
The launch of EURC on Solana is an important step towards a more efficient, inclusive, and user-centric financial ecosystem. Users now also have the option to hold their savings in euros without a bank account.