Coinbase will launch the euro stablecoin EUROC on February 23

ChainCatcher news, Coinbase will launch the euro stablecoin Euro Coin (EUROC). If liquidity conditions are met, trading will begin at 1:00 AM Beijing time on February 23. If sufficient asset supply is established, the EUROC-USD and EUROC-EUR trading pairs will be opened for trading in phases. Coinbase only supports EUROC on the Ethereum network, and EUROC trading may be restricted in certain jurisdictions. The euro stablecoin EUROC was issued by Circle on June 30 on Ethereum, fully backed by reserves denominated in euros, and can be exchanged for euros at a 1:1 ratio. (source link)