Has the euro found its stablecoin? – Already strong in its dollar stablecoin, theUSDCthe society Circle recently announced a new European single currency stablecoin: the Euro Coin, or EUROC. Although the latter is only a few weeks old, cryptocurrency exchange platforms tear it off already. This is the case of Bitpandawhich has just announced the addition of EUROC to its stablecoin offering.
Circle and its EUROC land on BitPanda
The stablecoins of the dollar american are plethoric : Tether’s USDT, MakerDao’s DAI, Binance’s BUSD, and therefore Circle’s USDC, among many others! On the other hand, on the side ofeuroit was rather dead plainwith the possible exception ofEURT of Tether (despite very little used).
It is to remedy this situation of quasi-emptiness that Circle presented mid-June 2022 theEUROC, its euro stablecoin. The Austrian crypto exchange Bitpanda recently announced on its blog that it will be among the first trading platforms to offer EUROC to its clients, following a partnership with Circle.
More specifically, the Euro Coin is already available (deposits and trading) on Bitpanda Prothe version for seasoned traders of the Austrian crypto exchange:
“We are pleased to announce that we are an official launch partner of Circle and their brand new Euro Coin (EUROC) stablecoin project. The EUROC/EUR trading pair is now available for all Bitpanda Pro users. »
Being able to take positions directly in a euro stablecoin, rather than the dollar, will Make life easier traders accustomed to the single European currency. Europe that Bitpanda is trying to conquer at the level regulatory. Less than 2 weeks ago, the crypto-stock exchange thus won the status of digital asset service provider (PSAN) in Spainafter having obtained it in particular in France, from the end of 2020.
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