Crypto.com, a popular cryptocurrency exchange, is listing the Euro and pairing it with several crypto assets, according to an update on May 24. The exchange is taping into Euro’s liquidity, enabling the trading of bitcoin (BTC), ethereum (ETH), and USDT. Euro pairs The...
Stablecoin issuer Circle has introduced euro coin (EUROC) on the Avalanche network, marking the second blockchain to support the asset. EUROC, backed by the euro at a 1-1 ratio, offers developers another avenue to serve users through integration into decentralized applications (dApps). Circle’s...
The European Central Bank (ECB) released its third progress report on the digital euro today, along with the findings of focus groups commissioned to gather people’s views on the features of a potential digital wallet. The announcement presents a third set of approaches...
Fabio Panetta, European Central Bank (ECB) board member, assures the digital euro will enhance existing cash options while tackling privacy concerns amidst the need for security in the evolving financial landscape. In a recent gathering of the European Parliament’s Committee on Economic and...
STASIS CEO comments on the launch of Societe Generale’s competing stablecoin EUR CoinVertible, questioning its viability due to the “single point of failure” problem. Societe Generale’s Crypto Division, SG-FORGE, has announced the launch of EUR CoinVertible, a euro-denominated stablecoin, which aims to bridge...
A new euro-pegged stablecoin introduced in France has received negative feedback from several industry experts, but the general public is still waiting to get their hands on it. On April 20, the Ethereum-based stablecoin known as EUR CoinVertible (EURCV) was introduced by the French bank...
The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital...