Circle launched EURC, its euro-backed stablecoin, on Stellar as the third blockchain after Ethereum and Avalanche. The stablecoin enables 24/7 global transactions with low costs and near-instant settlement, with integration into aid disbursement systems and expansion by Ripio to Spain.
Circle announced the launch of EURC, its euro-backed stablecoin, on the Stellar blockchain, making Stellar the third network to support the asset after Ethereum and Avalanche. EURC enables 24/7 global transactions with low-cost, near-instant settlement and will integrate with humanitarian aid disbursement systems like Stellar Aid Assist. Circle plans to work with Stellar to improve financial access during humanitarian crises. Ripio, a Latin American crypto services provider, is expanding to Spain and adding EURC on Stellar to its in-app wallet, enabling euro deposits and withdrawals for faster, cheaper cross-border transactions.
