Circle Deploys its EURC Stablecoin on Base Network

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Circle, the issuer of stablecoin, yesterday launched EURC, a stablecoin backed by the euro, on the Base network.

This adds to the existing list of networks where EURC can be directly issued and traded, including Avalanche, Ethereum, Solana, and Stellar.

This marks the first time EURC is available on an Ethereum layer-2, whereas before, it was only available as a derivative version on other networks. Circle believes that this new version will make it easier for e-commerce applications to enable global trade.

The Base versions of EURC and USDC, backed by the US dollar, are also the first stablecoins on the network to comply with the new Markets in Crypto-Assets (MiCA) regulation.

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