Coinbase, the leading US-based cryptocurrency exchange, has announced that it will be adding support for a stablecoin linked to the Euro. The stablecoin, called Euro Coin (EURC), is issued by Circle, the company behind USDC.
In a recent post on the social media platform X, Coinbase Assets revealed that EURC will be available for trading on its platform starting from January 20th. However, Coinbase advises users to only send EURC on the Ethereum network, as sending it on other networks may result in the loss of funds.
Coinbase plans to list EURC as an experimental asset, a category reserved for riskier and more volatile digital assets. The exchange also mentioned that Euro Coin is currently undergoing a name change from EUROC to EURC, which has caused some delays in the process. Coinbase assures its users that their funds are safe and that its teams are working diligently to restore full service.
Euro Coin was originally launched by Circle on the Ethereum blockchain in June 2022. Since then, it has expanded to other cryptocurrencies such as Solana and Stellar.
As always, it is important for investors to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at the user’s own risk, and any losses incurred are their responsibility. The Daily Hodl, where this article is featured, does not provide investment advice or act as an investment advisor.
