Company
Date Published
Author
Team Circle
Word count
688
Language
English
Hacker News points
None

Summary

Circle Internet Financial has launched its euro-backed stablecoin, EURC, on the Base mainnet, alongside existing USDC support, to enhance global commerce through compliance with the EU's Markets in Crypto Assets (MiCA) regulation. As an Ethereum Layer 2 solution, Base aims to foster innovation by integrating EURC and USDC into its ecosystem, which already hosts over 250 apps covering diverse sectors like finance, social, gaming, and art. Key partners such as Coinbase and Uniswap Labs support EURC's launch on Base, providing opportunities for trading, borrowing, lending, and payments. With Circle Mint and its APIs facilitating fiat conversion, the stablecoins offer regulated, fully reserved, 1:1 redeemable options for euros and dollars, thus enabling seamless institutional and retail integration into global financial systems.