Circle's Euro Coin (EUROC) is a stablecoin pegged to the euro, fully backed by euro reserves held in regulated banks. It aims to broaden access to the euro globally, enabling seamless cross-border transactions. EUROC, alongside USDC, facilitates multi-currency digital banking and rapid foreign exchange, tapping into a market with trillions in daily volume. EUROC's utility spans exchanges (offering EUR to EUROC conversions and FX trading), institutional traders (market making and arbitrage), businesses (accepting EUROC payments and facilitating international transactions), and individuals (paying merchants, sending remittances, and engaging in DeFi and Web3).
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