EURC is Coming to Base

Circle Internet Financial has announced the introduction of EURC, a euro-backed stablecoin, to the Base ecosystem, marking it as the first euro-backed stablecoin on the platform. EURC, issued by Circle, joins USDC, the largest stablecoin on Base with over $3 billion in circulation, and both stablecoins comply with the new Markets in Crypto Assets (MiCA) regulation. The addition of EURC promises faster and cheaper commerce globally, enabling cross-border payments, crypto capital markets, and access to euro and dollar stores of value for savings and inflation hedging. Developers can experiment with EURC and USDC using free testnet tokens through Circle's Testnet Faucet, and institutional on/off-ramps are available for businesses. Circle Internet Financial Europe SAS, a licensed Electronic Money Institution in France, emphasizes the accessibility and efficiency of money movement through this initiative, enhancing economic opportunities worldwide.