Stakingbits
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Stakingbits

Circle is launching a Euro-backed stablecoin called EUROC

Circle, the company behind popular stablecoin USDC, is launching a fully-reserved and regulated stablecoin pegged to the Euro called the Euro Coin, or EUROC.

Every EUROC token in circulation will have an equivalent Euro-denominated reserve held in custody at financial institutions regulated by the United States. so that it’s always redeemable 1:1 for Euros. The…

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