This comes amid controversy over stablecoin issuers and the US Securities and Exchange Commission (SEC).
Earlier this month, EUROC was added to the roadmap on Coinbase listing roadmap, leading users to expect the coin to “Eurocoin” is about to be listed.
CoinBase is one of the leading crypto trading platforms in the industry. And there has been a lot of headline news over the past few weeks. Since the delisting of Binance Stablecoin (BUSD) and the launch of Crypto435, an initiative to fight for the industry amid regulatory scrutiny.
EuroCoin is a Stablecoin issued by Circle. According to the announcement, EUROC is an ERC-20 token with Euros guaranteed 1:1, kept in a Euro bank account. Coinbase made it available for trading on EUROC to its clients on February 28.
After opening for trading on the 28th, EuroCoin reached a volume of $4.29 million on March 2.
Currently, customers can transact the token on all channels such as the Coinbase.com website and the Coinbase application on IOS and Android operating systems.
Euro Coin can also be traded through decentralized platforms (DEX) such as Uniswap, Sushiswap, and Curve.
It also states that other stablecoins will be added that meet standards for “law, compliance, and technical security” regardless of the project’s market cap or popularity.
According to the Coin Market Cap Index, EuroCoin currently costs $1.06, down 0.15% over the last 24 hours, and EUROC is currently #499 on the crypto world. The Euro coin in circulation is 31,821,440 with a market capitalization of $33,765,253.
The future of Eurocoin depends on the overall performance of the industry. Crypto is fine Because Eurocoins are traded based on supply and demand. Its value varied widely.
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