Coinbase Enhances Stablecoin Offering with EURC Integration on Solana
- A big step in making this stablecoin more accessible has been Coinbases decision.
- On August 28, consumers will have access to this new development.
Coinbase has announced that it would offer EURC, Circles euro-backed stablecoin that integrates with Solana. With more and more eyes on the crypto industry, the stablecoin market is seeing more attention worldwide, prompting this move.
It is worth mentioning that the most recent declaration follows the exchanges previous statement that customers would be able to convert Euro to EURC at a 1:1 ratio beginning this month.
Major Boost for Users
A big step in making this stablecoin more accessible has been Coinbases decision to integrate EURC with Solana. The stablecoin will be much easier to use when the exchange decides to integrate EURC with Solana.
Solana users will be able to transfer and receive Circles euro-pegged stablecoin, according to the exchange. Many more customers, especially those looking to operate within a compliance framework, will be able to take advantage of Solana now that the exchange has decided to offer EURC.
Coinbase has previously announced that customers will soon be able to convert Euros to EURC directly on the platform, fee-free. This change follows straight after that announcement. On August 28, consumers will have access to this new development, which provides a smooth and affordable choice.
Furthermore, the need for trustworthy, fiat-pegged digital assets is driving the demand for stablecoins, which coincides with the development. Thanks to the addition of EURC transactions, Solana has become a popular platform among crypto market aficionados.
Coinbase also announced the launch of a new EURC-USDC order book as part of this strategic expansion. The statement from yesterday states that it will be live on August 29. To significantly simplify trading for customers, this will take the place of the current EURC-EUR and EURC-USD order books.
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Read more: https://thenewscrypto.com/coinbase-enhances-stablecoin-offering-with-eurc-integration-on-solana/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
