{"id":27407,"date":"2024-08-23T01:00:18","date_gmt":"2024-08-22T22:00:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27407"},"modified":"2024-08-22T20:00:15","modified_gmt":"2024-08-22T17:00:15","slug":"coinbase-introduces-eurc-euro-conversion-at-11-ratio","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-introduces-eurc-euro-conversion-at-11-ratio\/","title":{"rendered":"Coinbase Introduces EURC-Euro Conversion at 1:1 Ratio"},"content":{"rendered":"<p>On Aug. 28, <strong>Coinbase<\/strong> will allow conversions between the fiat euro and the euro-pezed stablecoin at a one-to-one ratio in supported countries.<\/p>\n<p>Like USDC is meant to be tethered to the value of the dollar, EURC is linked to the value of the euro. An email from <strong>Coinbase<\/strong> said EURC follows the European Union&#8217;s new Markets in Crypto Assets rule, sometimes referred to as MiCA.<\/p>\n<p>There will be no costs associated with the conversions accessible on <strong>Coinbase<\/strong> <strong>Advanced<\/strong>. While deprecating its current EURC-EUR and EURC-USD order books, <strong>Coinbase<\/strong> will also offer a fresh EURC-USDC order book on Aug. 29. The exchange noted, &#8220;<em>These changes are meant to enable the most efficient conversion and trading between fiat and stablecoins<\/em>.&#8221;<\/p>\n<p>Though dollar-pegged stablecoins rule the market, euro-pegged stablecoins account for the lion&#8217;s share of non-USD stablecoins. Except for dollar-pegged stablecoins, stablecoins linked to the euro account account for around 92% of all stablecoins on Ethereum.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Aug. 28, Coinbase will allow conversions between the fiat euro and the euro-pezed stablecoin at a one-to-one ratio in supported countries. Like USDC is meant to be tethered to the value of the dollar, EURC is linked to the value of the euro. An email from Coinbase said EURC follows the European Union&#8217;s new<\/p>\n","protected":false},"author":6,"featured_media":19118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[151,1510,2814],"class_list":["post-27407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coinbase","tag-eurc","tag-mica"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Introduces EURC-Euro Conversion at 1:1 Ratio - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-introduces-eurc-euro-conversion-at-11-ratio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Introduces EURC-Euro Conversion at 1:1 Ratio - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On Aug. 28, Coinbase will allow conversions between the fiat euro and the euro-pezed stablecoin at a one-to-one ratio in supported countries. Like USDC is meant to be tethered to the value of the dollar, EURC is linked to the value of the euro. An email from Coinbase said EURC follows the European Union&#8217;s new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/coinbase-introduces-eurc-euro-conversion-at-11-ratio\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T22:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T17:00:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/coinbase.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/coinbase-introduces-eurc-euro-conversion-at-11-ratio\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/coinbase-introduces-eurc-euro-conversion-at-11-ratio\/\",\"name\":\"Coinbase Introduces EURC-Euro Conversion at 1:1 Ratio - 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