Circle Launches Euro-Backed Stablecoin EURC on Base Mainnet, Targeting Global Commerce

Circle, the issuer of EURC, has announced that its Circle Mint and associated APIs now support the minting and redemption of EURC on Base for financial institutions.

Euro-backed stablecoin EURC has officially launched on the Base mainnet. What Happened: Circle, the issuer of EURC, announced that its Circle Mint and related APIs now support minting and redeeming EURC on Base for financial institutions.

This integration is designed to boost liquidity and accessibility for euro-denominated transactions on the network.

Jesse Pollak, Creator of Base, told Benzinga that Circle launching EURC on Base is a key step in updating the traditional financial system and creating a new global on-chain economy.

According to Pollak, their goal is to “bring huge benefits and innovation to businesses, consumers, and provide better access to financial services for the underbanked.”

EURC joins another stablecoin issued by Circle, USDC, on the Base platform. Both EURC and USC have achieved compliance with the European Union’s Markets in Crypto Assets (MiCA) regulation, positioning them as trusted options for businesses operating within the EU’s regulatory framework.

Several major industry players have already announced their support for EURC on Base, including Aerodrome, Coinbase, Coinbase Wallet and Uniswap Labs UNI/USD.

This backing from established entities in the cryptocurrency space bodes well for EURC’s adoption and use on the Base network.

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