Circle expands support of Euro Coin to Solana

2022-11-8 17:12

Circle, the issuer of USD Coin (USDC) and Euro Coin, is expanding access to Cross-Chain Transfer Protocol, its new permissionless cross-chain infrastructure, the global fintech firm announced during Solana Breakpoint today. 

There will be native support of Euro Coin on Solana in the first half of 2023. 

Bringing faster, cheaper transactions to global commerce

USDC and Euro Coin aim to bring faster, cheaper transactions to global commerce and harness the potential of on-chain foreign exchange and multi-currency digital finance. Daily volume in traditional markets goes up to as much as $6.6 trillion.

Head of Payments at Solana Labs Sheraz Shere said:  

Euro Coin’s availability on Solana provides optionality for traders with a new base currency, unlocks new use cases for instant FX, enables Euro Coin borrowing and lending, and more. Like USDC, it will be available as a payment currency in Solana Pay. Stablecoins such as Euro Coin on efficient, fast chains with near-instant settlements like Solana are the future of banking and fintech.

FTX to support Euro Coin transactions 

Leading crypto exchange FTX intends to support trading, deposits, and withdrawals of Euro Coin on Solana at launch. Solend, Raydium, and other leading DeFi protocols on Solana also expressed such intentions.

USDC has over $42b in circulation 

Euro Coin is a regulated, euro-backed stablecoin issued under the same full-reserve model as USDC. It enjoys the same transparency, trust, and security that made USDC one of the most popular digital currencies, with more than $42 billion in circulation.

Joao Reginatto, VP of Product at Circle, added: 

A multi-currency stablecoin strategy gives users optionality, while liquidity becomes easier to access thanks to multi-chain availability. Solana is a logical next step for Cross-Chain Transfer Protocol and Euro Coin, considering the breadth and depth of their developer ecosystem. We’re thrilled to watch this grow as we launch early next year.

The permissionless protocol will launch on Ethereum and Avalanche at the beginning of 2023. Wormhole and other integration partners will support the protocol’s implementation on Solana at launch.

The post Circle expands support of Euro Coin to Solana appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Coin(O) (CNO) на Currencies.ru

$ 0.0003323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0003323 - H: $0.0003323
Капитализация $35.041k Rank 99999
Доступно / Всего 105.462m CNO

coin cross-chain circle solana euro permissionless infrastructure

Источник: coinjournal.net

coin cross-chain → Результатов: 31


Growth Ecosystem, King Of Cross-Chain Decentralized Farming Announces Launch On Avalanche

Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a  revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche.

2021-11-18 19:35


Фото:

IOST Partners with KnitFinance to Foster Cross-Chain Transactions and Create Market Options

Scalable, secure, and decentralized smart contract platform IOST (IOST) has joined forces with KnitFinance to integrate its native coin IOST into the latter’s multi-chain platform. IOST Collaborates with KnitFinance to Enable Cross-Chain Transactions and More In an announcement made today, the leading smart contract platform IOST stated it had inked a partnership with decentralized protocolRead More

2021-9-2 17:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Mining Now Launches Real-Time Mining Insights & Profit Analysis Platform

Singapore, Singapore, May 17th, 2024, Chainwire Mining Now, a trusted and reputable real-time crypto-mining insights provider company, is thrilled to announce the launch of its versatile platform that attempts to give unbiased insights associated with crypto mining as well as real-time Asic profitability tracking where people can analyze and compare the crypto mining hardwares to […] The post Mining Now Launches Real-Time Mining Insights & Profit Analysis Platform appeared first on CoinJournal.

Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem

Grand Cayman, Cayman Islands, May 16th, 2024, Chainwire With the launch of Netki’s DeFi Sentinel on Sui, protocol developers can opt to screen transactions before finalization on the blockchain, easing a significant compliance burden Today, Netki, a digital identity verification leader, announced the launch of their pioneering compliance oracle – DeFi Sentinel – on Sui, […] The post Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem appeared first on CoinJournal.