Circle expanded its euro-pegged stablecoin EURC to Stellar, making it the third blockchain after Ethereum and Avalanche. Ripio became the first platform to offer EURC payments and withdrawals on Stellar, targeting Latin American users and European remittance corridors.
Stablecoin issuer Circle Internet Financial launched its euro-pegged stablecoin EURC on the Stellar blockchain, joining Ethereum and Avalanche as supported networks. Ripio, a Latin American cryptocurrency platform recently licensed to operate in Spain, became the first to integrate EURC payments, deposits, and withdrawals on Stellar for its users. EURC is the third-largest euro stablecoin with a $52 million supply. Circle's VP of product management highlighted the potential for enhanced European remittance corridors, cross-border payments, and treasury management. Euro stablecoins remain underpenetrated compared to dollar-pegged alternatives, which dominate 99% of the stablecoin market.
