Circle launches euro-backed EURC on Base, enabling layer-2 forex trades

Circle announced that the new Base version of EURC is the first MiCA-compliant stablecoin for the network.

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Circle's Euro-Backed Stablecoin EURC to Launch on Base

Circle is set to introduce EURC, its euro-backed stablecoin, on the Base network, enhancing the ecosystem with faster and cheaper commerce solutions. (Read More)

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Circles Cross-Border Payments Network(CPN) Set to Transform Global Finance

Circle Internet Group announced plans to introduce the Circle Payments Network (CPN) in May. The platform seeks to facilitate instant cross-border payment settlements through regulated stablecoins USDC and EURC. The Circle Payments Network strives to connect real-time domestic payment systems which allows efficient cross-border money transfers. The payment network will link financial institutions such as […]

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Crypto developers expose ‘absolutely horrible’ flaws in Societe Generale euro stablecoin

Several crypto developers have found flaws in the smart contract code of Societe Generale’s (SG) euro stablecoin, EURCV. On April 20, SG said the EURCV would be limited to investors onboarded by Societe Generale group through its existing compliance procedures. Developers highlight flaws Software engineer Cygaar discovered that the bank could take and burn all […]

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‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism

Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions. French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to only qualified institutional clients. According to observers who reviewed its smart contract code, ERC-20 transfers [...]

The post ‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism appeared first on Crypto Breaking News.

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Dubai Recognizes USDC and EURC as Inaugural Stablecoins Under New Token Regulations

In a significant move towards embracing digital currencies, Dubai has recently acknowledged the USDC and EURC stablecoins under its token regime. This recognition marks a significant milestone in the adoption of stablecoins within the region, showcasing Dubai’s commitment to fostering innovation in the crypto space. The USDC and EURC stablecoins are pegged to the US [...]

The post Dubai Recognizes USDC and EURC as Inaugural Stablecoins Under New Token Regulations appeared first on Crypto Breaking News.

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2024-The Year of Solana? USDC Issuer Circle Deployed EURC On Solana

Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EURC), announced plans to expand native support of EURC and access to their new permissionless cross-chain infrastructure, Cross-Chain Transfer Protocol (CCTP), on Solana. What is EURC EURC is a euro-backed stablecoin thats accessible globally on Avalanche, Ethereum, and Stellar. […]

The post 2024-The Year of Solana? USDC Issuer Circle Deployed EURC On Solana appeared first on cryptomaton.

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Societe Generale expands its stablecoin to Ripples XRP Ledger to drive further adoption

Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the Ripple-backed XRP Ledger (XRPL), according to a Nov. 14 statement. According to the lender, XRPL’s swift cross-border payments and efficient asset tokenization capabilities make it an ideal platform for EURCV’s continued growth. SG-FORGE explained that XRPL’s 3-5 seconds […]

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