WEB

Change type. Click for search in Exxeble Search Engine.

DOMAINS TOKEN-G

Ronald Maguire

16 June 2022 248 Read Crypto , Altcoins

LISTEN NOW

Circle Launches Euro-Backed Stablecoin

Euro Coin (EUROC) will be released by Circle at the end of June. The EUROC price will be pegged to €1, which will mimic the market's second largest stablecoin, USDC. After the FED decisions, Europe also said goodbye to negative interest rates. 100% of the Euro-backed stablecoin will be backed by Euro-denominated reserves held at Silvergate Bank in North America. Reserves will grow according to supply and demand.

EURO Used by 19 EU Member States

Used by 19 European Union member countries, the Euro is the second largest currency in the world, behind the US Dollar. In 2022, the EURO lost about 12% of its value against the USD.

NO COMMENTS YET!