Circle Internet Financial has announced the expansion of the Euro Coin (EURC), a euro-backed stablecoin initially launched on Ethereum in 2022, to the Avalanche blockchain, enhancing its multi-chain utility. This move allows developers and users within the Avalanche ecosystem to efficiently utilize EURC for various financial activities, including sending, spending, saving, lending, and borrowing, while benefiting from the decentralized network's low fees and rapid transaction settlement. Avalanche, known for its eco-friendly, decentralized smart contracts platform, supports Ethereum-compatible smart contracts, facilitating the integration of high-performance decentralized applications. With over 8 million active wallet addresses and securing more than $760 million in Total Value Locked, Avalanche is a rapidly growing Web3 ecosystem. Businesses can leverage EURC on Avalanche for digital asset trading and cross-border payments, using Circle's Account and APIs to enhance their global transactions, providing opportunities for exchanges, fintechs, institutional traders, and developers to engage in programmatic remittances, trading, and more.