America’s largest cryptocurrency exchange Coinbase has launched Euro Coin (a euro-backed stablecoin in trading regions). EUROC) announced that it will list.
Coinbase reported on Tuesday, February 21 that it will begin trading EUROC issued by Circle under the same full reserve model as USDC on Wednesday, February 22, if liquidity conditions are met.
However, Coinbase updated the listing day in a tweet it shared earlier on Wednesday. Coinbase announced in its Twitter post that the trade will take place on Monday, February 27, 2023, if the liquidity conditions are met. He adjusted the planned support for the EUROC listing and stated that stablecoin trading will begin in supported regions at 09:00 on Monday, February 27, if liquidity conditions are met.
An Alternative to Dollar-Backed Stablecoins?
After the asset is listed, users can EUROC/USDAnd EUROC/EURThey will be able to trade stablecoins with their pairs. coinbase, of EUROCon the Ethereum network ERC-20He said that due to being listed as a token, sending the asset to other blockchain networks could result in a loss of funds.
According to the announcement EUROCdesignated for new or low-volume tokens on the exchange “Experimental Label” will be released with Ticket, Coinbase’sIt is used to increase transparency and help customers make informed decisions.
USDC, USDTAnd BUSD Dollar-backed stablecoins, such as the United States, have gained dominance since their launch. However, recently regulators in the United States have brought these assets under scrutiny.
from the Securities and Exchange Commission. wellsfollowing notice, the New York Department of Financial Services ( NYDFS), Binance USD ( BUSD) issuer to Paxosordered him to stop issuing stablecoins.
