EURC is coming to Base! Here’s what you need to know and what it means for the Base ecosystem.
We’re excited to bring EURC to Base, its first euro-backed stablecoin, enabling developers to deliver faster and cheaper commerce with a euro-backed digital currency for global users. EURC is issued by Circle and now joins USDC - the largest stablecoin on Base with more than $3 billion in circulation as of July 9th.
The euro is the third largest fiat currency in the traditional financial system today, signifying a large opportunity for growth in the digital asset economy.
EURC and USDC are the first stablecoins on Base from a global issuer to be compliant with the new Markets in Crypto Assets (MiCA) regulation.
Benefits of EURC and USDC
- Regulated, fully reserved and redeemable 1:1 for euros and dollars respectively
- Enables institutional on/off-ramps like Circle Mint for qualified businesses
- Easy integration into both new and existing apps
- Retail access to Coinbase’s global on- and off-ramp network
Use cases for EURC and USDC on Base
- Cross-border payments with near-instant settlement for international remittances, peer-to-peer payments, and marketplace payouts at a fraction of the cost of legacy systems
- Crypto capital markets with 24/7 access to a robust DeFi ecosystem
- Access to euro and dollar store of value for savings and FX to hedge against inflation of local currencies
EURC issued by Circle
Token Symbol: EURC
Mainnet Address: 0x60a3e35cc302bfa44cb288bc5a4f316fdb1adb42
Testnet Address: 0x808456652fdb597867f38412077A9182bf77359F
USDC issued by Circle
Token Symbol: USDC
Mainnet Address: 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913
Testnet Address: 0x036CbD53842c5426634e7929541eC2318f3dCF7e
Developers can start to experiment with funds flows in their apps by getting free testnet EURC or USDC on Base Sepolia through Circle’s Testnet Faucet.
Stay tuned for launch
We’re excited about what adding EURC means for the Base ecosystem! Please reach out on Discord if you have any questions.
This marketing communication is issued by Circle Internet Financial Europe SAS, a licensed Electronic Money Institution and registered Digital Assets Services Provider in France. White Papers relating to electronic money tokens that we issue in the European Economic Area (EEA) ("EMT") are published and available on our Website. Holders of EMT have the right of redemption against the issuer at any time and at par value. Contact: Web: http://www.circle.com | Email: EEA-Customer-Support@circle.com | Phone number : +33 (1) 59000130
