Euro Coin (EURC) is a fully-reserved, euro-backed stablecoin issued by Circle, the same company behind USD Coin (USDC). It is designed for stability and is 100% backed by euro-denominated reserves held in regulated financial institutions. EURC is available on multiple blockchain networks, including Ethereum, Avalanche, Solana, and Stellar, and is widely used in DeFi for FX trading, borrowing, and lending. It is accessible globally and can be traded on both centralized and decentralized exchanges, providing a stable digital asset that tracks the value of the euro.
Euro Coin (EURC) is a stablecoin pegged to the value of the euro and backed by real-world assets, including cash and cash equivalents. It is primarily used for trading and holding funds in a stable currency during periods of high market volatility. Here are some key ways EURC is used:
Trading: EURC can be traded on centralized and decentralized exchanges against other cryptocurrencies like Bitcoin and Ethereum, providing a stable asset for traders to hold during market fluctuations.
Business Payments: Businesses can use EURC to accept crypto payments in euros from customers worldwide, expanding their customer base. They can also use it to pay employees, vendors, and contractors, and offer rebate offers or rewards to loyal customers.
Individual Payments: Individuals can send and receive EURC payments between family and friends, or pay merchants across borders with EURC. It provides an onramp to experiences and opportunities across decentralized finance (DeFi) and Web3, including NFTs, DEXes, lending pools, and other use cases.
- Stability: As a stablecoin, EURC's price predictability makes it attractive to those who want to dabble in cryptocurrency but are deterred by price fluctuations. It also provides a shelter from market volatility, allowing users to swap coins more subject to price swings for EURC to ride out market fluctuations without taking their crypto out of the market.
Overall, EURC offers a stable digital asset that tracks the value of the euro, making it a valuable tool for both businesses and individuals in the European market and beyond.
To store Euro Coin (EURC) tokens, you can use a variety of wallets and platforms that support EURC. Here are a few options:
BitPay App: You can download the BitPay App, which allows you to securely buy, store, swap, and spend EURC. You can also download the wallet QR code for easy access.
Zengo Wallet: Zengo offers a non-custodial wallet that provides quick and convenient access to EURC. The wallet is secure, using advanced biometrics and security measures to protect your assets. You can trade, store, send, and receive EURC tokens with Zengo.
SpectroCoin: SpectroCoin supports EURC as an ERC-20 token, and transactions are processed on the Ethereum network. You can buy and sell EURC at SpectroCoin.
These wallets and platforms provide a secure and accessible way to manage your EURC tokens.
To buy Euro Coin (EURC) tokens, you can follow these steps:
Choose a Reliable Exchange:
- Mt Pelerin: Buy EURC instantly by card or bank transfer without identification required up to certain limits (CHF 1,000 per day, CHF 15,000 per month, and CHF 100,000 per year).
- SpectroCoin: Buy EUROC instantly, with transactions processed on the Ethereum network.
- Coinbase: Create a Coinbase account, add a payment method, and select Euro Coin to buy.
- KuCoin: Choose a centralized exchange, create an account, verify your identity, add a payment method, and buy Euro Coin.
Set Up Your Wallet:
- Mt Pelerin: Download Bridge Wallet, a mobile app that allows you to easily invest and manage your crypto assets.
- SpectroCoin: Ensure you have a compatible Ethereum wallet.
- Coinbase: Use the Coinbase app or website to manage your assets.
- KuCoin: Choose a reliable crypto wallet that supports Euro Coin, download the app, create a wallet, and ensure you have a secure seed phrase.
Make the Purchase:
- Mt Pelerin: Buy EURC by bank transfer or card with low fees and no hidden costs.
- SpectroCoin: Buy EUROC through the SpectroCoin platform.
- Coinbase: Enter the amount you want to spend, preview the purchase, and confirm.
- KuCoin: Buy Euro Coin using fiat currency or by exchanging a popular cryptocurrency like USDT.
- Additional Options:
- Binance: Although EURC is not listed on Binance, you can follow a step-by-step guide to buy it through a decentralized exchange (DEX) by connecting your crypto wallet and using your ETH as the base currency.
Remember to carefully consider your investment experience, financial situation, and risk tolerance before making any investment.