Euro Coin (EUROC) is the new Euro-pegged stablecoin that was developed by Circle, the same time that issues USD Coin (USDC). The two are very similar, with the main difference being that EUROC is pegged to the Euro instead of the US Dollar. As such, 1 EUROC will always be worth 1 EUR.
The best way to buy EUROC with USDC or another token is with Uniswap (V3). They allow you to permissionlessly buy and sell Euro Coin (EUROC) for fees as low as 0.1%
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What is Euro Coin (EUROC) stablecoin?
EUROC is a stablecoin that is pegged to the euro. It is an ERC20 token on the Ethereum blockchain and it is the first stablecoin that is backed by Circle. The EUROC token was created to provide a digital alternative to traditional fiat currencies, and to make cross-border payments more efficient. The EUROC token is fully backed by the euro, and its value is stable relative to the euro.
The EUROC token can be used to make payments in euros, or to store value in a euro-denominated asset.
How to buy Euro Coin (EUROC) with USDC
The best way to buy Euro Coin (EUROC) on-chain is with a trusted decentralized exchange like Uniswap V3. With Uniswap, you can swap USDC, ETH or any other ERC20 token for EUROC with low fees starting at 0.1% on the Ethereum network. This is the safest way to buy EUROC because UNI is a decentralized trading platform.
You can buy Euro Coin with USDC with this simple guide:
- Send USDC (or any other token) to your MetaMask Wallet on the Ethereum network.
- Visit the UniSwap V3 exchange and connect your wallet.
- Find the EUROC/USDC liquidity pool.
- Insert the amount of USDC tokens you want to swap for EUROC.
- Execute your transaction.
Who is Circle?
Circle is a financial services company that offers a suite of products including a peer-to-peer payments app, a cryptocurrency exchange, and fiat backed stablecoins like USDC and EUROC. The company was founded in 2016 by Jeremy Allaire and Sean Neville. Circle is headquartered in Boston, Massachusetts.
Circle was one of the first companies to receive a BitLicense from the New York State Department of Financial Services (NYDFS).
What is Uniswap?
Uniswap is a decentralized cryptocurrency exchange that allows users to swap ERC20 tokens on the Ethereum blockchain. The platform was launched in November 2018, and it is one of the most popular decentralized exchanges in the DeFi space. Uniswap has a native token called UNI, which was launched in September 2020.