Euro-pegged stablecoin $EUROC by .circlepay: comprehensive guide
Digital payments heavyweight Circle Inc. shared the first details of its novel product. EuroCoin stablecoin will unlock new trading, liquidity management and value transfer opportunities for crypto holders all over the globe.Amid a massive bearish recession, Circle, an operator of second-largest stablecoin USD Coin , has unveiled its plans to roll out EuroCoin , a new asset with its price pegged to the Euro.On June 16, 2022, Circle Inc.
Circle is among the first fintech companies to receive a BitLicense from the New York State Department of Financial Services and a virtual currency license from British watchdogs. USD Coin is backed by cash, cash equivalents and commercial paper; it is monthly attested by Grant Thornton accountants.Stablecoins constitute the class of cryptocurrencies that have their prices pegged to this or that fiat currency, index or precious metal.
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