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Euro Coin (EUROC), the stablecoin developed by Circle that maintains parity with the euro price, is already launched on the Ethereum network.
It is an ERC-20 token. The price equivalent to 1 euro, as CriptoNoticias reported days ago, is achieved through deposits in bank accounts. Circle — also an issuer of USD Coin (USDC) — promises to publish regular reports showing what the reserves are.
the company already announced which are the exchanges in which this token can be acquired, both with fiat money (that is, national currencies) and in exchange for other cryptocurrencies, including bitcoin (BTC) and ether (ETH).
“Euro Coin is available on Ethereum and will be supported by leading exchanges and DeFi protocols as liquidity accumulates in the ecosystem,” informs Circle.
Among the exchanges, they mention the US branch of Binancea bitpandato Bitget, to HuobiBitstamp, Bybit and FTX. All of them are centralized platforms and are usually the most used “bridge” between fiat money and decentralized digital assets.
Also, Circle reports that EUROC will be on decentralized exchange Uniswap. At the time of this publication, CriptoNoticias was able to verify that the token is listed, but it does not yet have enough liquidity to be able to exchange it for other Ethereum tokens.
Other decentralized finance protocols it will come to are Compound, an investment platform, and Curve, a decentralized exchange specializing in stablecoins.