EURC is now live on Base mainnet and accessible to developers and users. Circle Mint and its APIs now support minting and redeeming EURC on Base for financial institutions. As a leading Ethereum L2, Base is bringing the world on-chain to create a global economy that increases innovation, creativity, and freedom.
EURC on Base
EURC is a euro-backed stablecoin issued by Circle that brings the trust and compliance needed for businesses and developers to facilitate global commerce on Base. EURC, along with USDC, are the first stablecoins from a major global issuer to achieve compliance with the new Markets in Crypto Assets (MiCA) regulation in the EU.
Leading partners who will support EURC on Base at launch include: Aerodrome, Coinbase, Coinbase Wallet, and Uniswap Labs.
Businesses, developers, and users looking for a globally accessible euro-backed stablecoin can now choose EURC on Base for trading, borrowing, lending, payments, and more.
USDC on Base
Circle launched USDC on Base last year and is already the largest stablecoin on Base with nearly $3 billion in circulation and 97% stablecoin market share.1 As of July 2024, Base ranks fifth in stablecoin market capitalization among all blockchains.
Earlier this year, Coinbase announced it would begin storing more corporate and customer USDC balances on Base. There are over 250 apps built on Base today, supporting use cases across on-chain finance, social, gaming, art, infrastructure, and more.
Many leading apps on Base already support USDC, including: Aave, Aerodrome, Blackbird, Moonwell, Morpho and Uniswap App.2
Benefits of EURC and USDC
- Regulated3, fully reserved, and redeemable 1:1 for euros and dollars respectively4
- 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/off-ramp network
Powering global use cases
Developers, fintechs, exchanges, and traders can access EURC on Base for a variety of use cases worldwide:
- Cross-border payments with near-instant settlement for international remittances, peer-to-peer payments, and marketplace payouts at a fraction of the cost.
- Access to crypto capital markets with 24/7 trading, borrowing, and lending across 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
Get started today
Developers can start building with EURC and USDC on Base with our developer docs – EURC and USDC are open-source, permissionless protocols that anyone can build on.
Qualified financial institutions can apply to access on/off-ramps for converting fiat currency to EURC or USDC on Base by applying for a Circle Mint account.
1. Circulation as of August 1, 2024
2. base.org/ecosystem (Last accessed Jul 29, 2024)
3. A full list of Circle’s licenses can be found here
4. Circle Mint enables qualified financial institutions to redeem EURC 1:1 for EUR and USDC 1:1 for USD.
Disclaimer:
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
