2023-03-01
Coinbase
announces a list of Euro-sponsored stablecoins, issued by Circle and fully
supported by the euro. This comes amid
disagreements over stablecoin issuers and the U.S. Securities and Exchange
Commission (SEC).
Ref: Coinbase Assets on Twitter: "Euro Coin (EUROC) is now live
Earlier this month, EUROC was added to the Coinbase listing roadmap, giving users the expectation, that Euro Stablecoin was about to be listed.
Coinbase is
one of the industry's leading crypto trading platforms, and has made many
headlines in recent weeks, from the removal of Binance Stablecoin (BUSD) and
the launch of Crypto435, an initiative to fight for the
industry amid regulatory scrutiny.
Eurocoin is
a stablecoin coin issued by Circle, which is supported by 1:1 by the euro. It also states that other stablecoin coins
that meet the standards for "legal, compliance and technical safety"
will be added without taking into account the market cap or the popularity of
the project.
Photo credit: Link
