Official announcements from cryptocurrency exchanges and Circle

Circle Launches EURC on Base with Zero Fee Transfers, Expanding Euro Stablecoin Access

Aug 1, 2024, 02:17 PM

Circle has officially launched its euro stablecoin, EURC, on Base, an Ethereum Layer 2 (L2) network. This integration aims to provide faster, cheaper access to the global economy. Base, known for its secure, low-cost, and builder-friendly environment, already supports USDC and now expands its offerings with EURC. The euro stablecoin is MiCA-compliant in the EU and globally accessible. Coinbase and Coinbase Wallet will facilitate seamless integration and adoption within the Base ecosystem, which has seen significant growth, including weekly USDC transfers surpassing $20 billion. Base ranks fifth in terms of stablecoin market cap among blockchains. Zero fee transfers are available for Coinbase to Base transactions and EURC sends on Base.