MYKOBO is transitioning its EURC stablecoin on the Stellar blockchain to Circle's EURC, affecting over 25K asset holders. This move supports MiCAR compliance and expands services to Ethereum, Avalanche, and Solana. Current services will continue uninterrupted during the transition.
MYKOBO announced on July 4, 2024, that its EURC stablecoin issued on the Stellar blockchain will transition to Circle's EURC on the same network. Over 25K MYKOBO EURC holders, including those bridged to Polkadot via Pendulum Spacewalk, will be migrated seamlessly. The transition enables MYKOBO to expand on/off ramps and cross-border payments to Ethereum, Avalanche, and Solana, aligning with EU's MiCAR regulation for Electronic Money Tokens, as Circle holds the necessary licenses. All existing services remain operational without disruption, with customer support available for the process. Platforms like Clickpesa, LOBSTR, and others utilize the stablecoin on Stellar.
