Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space



Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset.

Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance

Circle, a leading stablecoin issuer, has announced the launch of its euro-backed digital currency, EURC, on the Solana blockchain. The addition of EURC to Solana’s platform is set to provide new options for users and developers in the realm of digital currency transactions.

EURC is designed as a fully reserved, euro-backed stablecoin, aiming to facilitate global, instant settlement and 24/7 on-chain foreign exchange (FX) operations. Its launch on Solana, known for its high-speed and low-cost network, represents an expansion of Circle’s stablecoin offerings and a potential increase in access to the euro within the global digital asset market.

Several decentralized finance (defi) protocols and digital wallets on the Solana network have already added support for EURC. These include Jupiter Exchange, Kamino Finance, and many more. Digital wallets such as Coinbase Wallet, Glow Wallet, Phantom, and Solflare Wallet are also set to provide support for EURC.

The launch brings the number of blockchain networks supporting EURC to four, with Solana joining Avalanche, Ethereum, and Stellar. This expansion reflects Circle’s continued strategy to diversify its stablecoin offerings across various blockchain ecosystems.

Stablecoins like EURC play a crucial role in the digital asset market, serving as a link between fiat currencies and crypto assets. They support trading and transactions on blockchain networks and offer alternatives to traditional banking methods, particularly in regions with unstable financial systems. Analysts anticipate significant growth in the stablecoin market, currently valued at around $130 billion, as more platforms integrate these digital tokens.

EURC’s market capitalization currently stands at approximately $55 million, in contrast to the larger USDC market capitalization of $24 billion and Tether’s USDT at $90 billion. Tether additionally provides a token linked to the euro, known as EURT. Currently, the circulation of EURT stands at 36.38 million.

Circle plans to align EURC with the upcoming EU digital asset regulations for Markets in Crypto-Assets (MiCA), positioning it as a regulated e-money token. Circle’s move to introduce EURC as a regulated e-money token is one of the latest moves to differentiate it from its competitors in the increasingly crowded stablecoin market by positioning it as a leader in the compliant and secure issuance of stablecoins.

Source : Bitcoin News by David Sencil / Dec 19, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.