Coinbase, a leading US-based cryptocurrency exchange platform, has announced the sudden addition of support for Euro Coin (EURC), a stablecoin pegged to the Euro, issued by Circle.
In a recent update on the social media platform X, Coinbase Assets announced that EURC will be available for trading on their platform starting January 20th.
“Coinbase will introduce support for EURC on the Ethereum network as an ERC-20 token, with trading scheduled to commence on June 20, 2024, at around 3PM ET. Please ensure not to transfer this asset on other networks to avoid potential fund loss.”
According to Coinbase, EURC will be listed on the exchange with an experimental label, indicating it as a riskier and more volatile digital asset.
Coinbase also mentioned that Euro Coin is undergoing a name change process from EUROC to EURC, causing some delays in service. The platform assured users that their funds are secure and their teams are working diligently to resolve the issue promptly.
“The renaming of Euro Coin (EUROC) to EURC is experiencing delays. We apologize for any inconvenience caused, but be assured that your funds are safe, and our teams are striving to restore full functionality as soon as possible.”
Circle initially launched Euro Coin on June 30, 2022, on the Ethereum blockchain, later expanding to other cryptocurrencies like Solana (SOL) and Stellar (XLM).
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