{"id":4163,"date":"2023-09-27T10:10:41","date_gmt":"2023-09-27T10:10:41","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4163"},"modified":"2023-09-27T09:56:49","modified_gmt":"2023-09-27T09:56:49","slug":"circle-launches-stablecoin-eurc-on-stellar-network","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/circle-launches-stablecoin-eurc-on-stellar-network\/","title":{"rendered":"Circle Launches Stablecoin Eurc on Stellar Network"},"content":{"rendered":"<p>Circle launches stablecoin Eurc on Stellar Network! A few weeks ago, Circle had announced an initiative regarding the Stellar network. On Tuesday, Circle announced the launch of its Euro-backed stablecoin, Circle Stablecoin Eurc, on the Stellar blockchain.<\/p>\n<p>The company said in its statement, &#8220;<strong>EURC<\/strong> can be send, spend, hold, and trade anywhere in the world <strong>24\/7<\/strong> with low-cost, almost instant transactions.&#8221; Stellar is the <strong>third chain<\/strong>, following the <strong>Ethereum<\/strong> and <strong>Avalanche<\/strong> networks.<\/p>\n<p>EURC will integrate with assistance payment and cash aid systems like <strong>Stellar Aid Assist<\/strong>. Moreover, <strong>Circle<\/strong> stated that it will work alongside <strong>Stellar<\/strong> to securely provide financial aid to those affected by humanitarian crises that severely impact local services.<\/p>\n<p>Vice President of Circle Product Management, <strong>Rachel Mayer<\/strong>, also mentioned; &#8220;The launch of EURC on <strong>Stellar<\/strong> has the potential to radically improve European remittance corridors, cross-border payments, treasury management, and aid payments.&#8221;<\/p>\n<hr \/>\n<blockquote><p>You might like:<a href=\"https:\/\/coinengineer.net\/blog\/?p=4142&amp;preview=true\"><strong> $178 Million Scam from an Exchange!<\/strong><\/a><\/p><\/blockquote>\n<hr \/>\n<h1>Cheaper and Faster<\/h1>\n<p>Circle noted that crypto service provider <strong>Ripio<\/strong> in <strong>Latin America<\/strong> has expanded to Spain. Along with this, the company indicated that it would add <strong>EURC<\/strong> to its in-app crypto wallet through a partnership, allowing users to make euro deposit and withdrawal transactions.<\/p>\n<p>Co-Founder of Ripio, <strong>Sebastian Serrano<\/strong>, expressed his excitement, stating; &#8220;We are thrilled that people in Spain now have seamless access to digital assets like <strong>EURC<\/strong> and can enjoy faster and cheaper transactions worldwide.&#8221;<\/p>\n<p>According to <strong>CoinMarketCap<\/strong> data, the price of Stellar&#8217;s native crypto asset <strong>XLM<\/strong> is currently at <strong>$0.1115<\/strong>, with the highest being <strong>$0.1129<\/strong> and the lowest at <strong>$0.1109<\/strong> in the last <strong>24 hours<\/strong>.<\/p>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle launches stablecoin Eurc on Stellar Network! A few weeks ago, Circle had announced an initiative regarding the Stellar network. On Tuesday, Circle announced the launch of its Euro-backed stablecoin, Circle Stablecoin Eurc, on the Stellar blockchain. The company said in its statement, &#8220;EURC can be send, spend, hold, and trade anywhere in the world<\/p>\n","protected":false},"author":2,"featured_media":4162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1117,1510,488,1151,1512,1511,1120],"class_list":["post-4163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-circle-usdc","tag-eurc","tag-stablecoin","tag-stablecoins","tag-stellar","tag-stellar-network","tag-usdc-circle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle Launches Stablecoin Eurc on Stellar Network - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Circle launches stablecoin Eurc on Stellar Network! 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