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Digital financial technology company Circle has said it will introduce a euro-pegged stablecoin to its smart contract platform Solana (SOL).
Issuer of USD Coin (USDC) To tell By early 2023, we are rolling out native support for Eurocoin (EUROC) to Ethereum rivals.
Circle also says its Cross-Chain Transfer Protocol, an infrastructure tool that allows users to send and trade USDC natively across supported blockchains, will also be available on Solana early next year. .
Circle VP of Product Joao Reginatto said:
Solana is a logical next step for Eurocoin and a cross-chain transfer protocol given the depth and breadth of its developer ecosystem. “
circle announced At this year’s Solana Breakpoint conference in Lisbon, Portugal rear During startup Eurocoin on June 30th. The crypto payment company aims to strengthen cross-border access to the euro for stablecoins.
Sheraz Shere, head of payments at Solana Labs, says stablecoins like Euro Coin running on a fast and efficient blockchain hold the future of banking and fintech.
The availability of Eurocoins on Solana unlocks new use cases for Instant FX, provides traders with new base currency options, allows Eurocoins to be borrowed and borrowed, and can be used alongside USDC as a payment currency for Solana Pay. It will be like this.”
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Featured Image: Shutterstock/Allies Interactive/Andy Chipus
