Circle’s EURC Launches on Raydium

EURC is a stablecoin that is tied to the Euro, which means it is designed to keep its value stable, just like the Euro itself. This is important because it helps protect against the wild swings in price that other cryptocurrencies often experience.

But what does this mean for you and the world of decentralized finance, or DeFi, on Solana? Let’s discover more about this news for EURC.

How Can EURC Impact DeFi on Solana?

Having EURC on Raydium is like throwing a match on a pile of kindling—it can spark significant growth in decentralized finance on Solana. Here are a few ways it can make a difference:

1. Increased Liquidity: Raydium is kick-starting liquidity with rewards for users who provide EURC. This means that if you add EURC to the trading pool, you can earn extra tokens as a reward. This encourages more people to participate, making it easier for everyone to buy and sell EURC.
2. Easier Transactions: With EURC, users can easily move money in and out of the DeFi ecosystem while keeping their value stable. This is a huge plus for traders who want to avoid the volatility of other cryptocurrencies.
3. More Options: EURC provides users with another option for stablecoins . Instead of relying solely on USDC or other dollar-pegged tokens, people can now use a Euro-backed stablecoin. This means more flexibility and choice in how they manage their investments.

EURC by @circle is available on Raydium!

Raydium is kick-starting liquidity with rewards on the pool below:

USDC-EURC 0.01% tier – 7,600 $EURC & 1000 $RAY /wk

( https://t.co/wBLhigGyRc ) pic.twitter.com/dj9lLN2WId

— Raydium (@RaydiumProtocol) October 22, 2024

The Benefits of Using EURC

Using EURC on Raydium brings several benefits:

• Stability: It provides a stable option for people who want to invest without worrying about price swings.
• Rewards: Users can earn rewards by adding liquidity to Raydium, giving them a chance to boost their earnings.
• Accessibility: EURC makes it easier for European users to participate in the DeFi space without converting their money to US dollars first.

More About EURC

This Euro-backed stablecoin continues its impressive growth, especially on Base , where it has already surpassed Ethereum as the leading chain for its supply. This marks a significant milestone for the stablecoin’s adoption in decentralized finance (DeFi).

Regulations are coming!

EURC, the Euro-backed stablecoin, continues to grow.

On @Base , it has already surpassed ETH as the leading chain for EURC supply. $WELL is the gateway, with just a $150M Market Cap, and we bought it at $1M MC! Tons of potential compared to its… pic.twitter.com/ZawL2bamIL

— WhaleFinance l Youtuber (@whalefinance26) October 22, 2024

$WELL , with a market cap of just $178 million right now, serves as the gateway to this expanding ecosystem, providing users with easy access this stable coin and supporting its increasing presence across blockchain networks.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.