MYKOBO is thrilled to announce support for Euro deposits and withdrawals of Circle’s euro-backed stablecoin, EURC, on the Stellar blockchain
What does this new service mean for users?
This means that European users with Stellar wallets will be able to make Euro deposits and withdrawals with Circle’s EURC using the Single Euro Payments Area (SEPA) network.
Where can users access this service?
This exciting new service is now accessible via the LOBSTR wallet, renowned for its simplicity and security, and widely used on the Stellar blockchain.
Click here to start a EUR deposit with EURC
Click here to start a EUR withdrawal with EURC
Or download the LOBSTR iOS or Android app today to start your EURC journey.
Why support Circle’s EURC Stablecoin?
MYKOBO believes in the potential of Circle’s EURC as the leading Euro stablecoin for crypto capital markets, EURC is fully reserved so that it’s always redeemable 1:1 for Euro.
Circle’s EURC Stablecoin is currently issued on the Ethereum, Solana, Avalanche and Stellar blockchains.
MYKOBO believes users will benefit from the trust, transparency, and security of Circle as the issuer of the USDC stablecoin with over $31B in circulation as of March 2024.
What does this mean for MYKOBO’s EURC Stablecoin?
MYKOBO will continue to provide full support for the MYKOBO EURC Stablecoin as the partnership with Circle continues expanding with the objective of building a trusted and interoperable Euro Stablecoin.
What is MYKOBO?
MYKOBO provides a bridge connecting the European financial infrastructure to the blockchain using Euro Stablecoins that are pegged 1:1 with the Euro.
There are currently over 20K users utilizing the EURC Stablecoin on the Stellar blockchain through platforms such as Beans, LOBSTR, xBull, LINK, Empowch and Honeycoin in addition to the MYKOBO apps on iOS and Android.
What is Stellar?
Stellar is a blockchain where blockchain technology meets the real world by providing real world utility with solutions like the disbursement of aid or cheaper and faster cross border payments.
What is SEPA?
The SEPA network allows users to send and receive cashless Euro bank payments via transfer and direct debit to anywhere in the European Union (EU), as well as a number of non-EU countries.
