Circle Rolls Out its EURC Stablecoin on Solana’s Blockchain

Circle has recently announced that it now supports the Solana blockchain for its euro-pegged stablecoin, EURC.

This stablecoin is designed to maintain a consistent value with the euro and is powered by blockchain technology.

According to the statement by Circle, developers can now utilize EURC and the popular USD-pegged stablecoin, USDC, on Solana to create new applications for currency exchanges, payments, cross-border money transfers, and other financial services.

This opens up new possibilities for the Solana ecosystem and its users. Circle also noted that DeFi platforms and wallets that are popular within the Solana network, such as Jupiter Exchange, Meteora, Orca, and Phoenix, are now ready to support the stablecoin.

In addition, companies can now access EURC on Solana through Circle Mint, the enterprise solution, and its API.

This makes it easier for businesses to use the stablecoin for their operations. It’s worth mentioning that EURC is already supported on other blockchains including Avalanche, Ethereum, and Stellar.