Coinbase to Facilitate Euro and Euro-Pegged Stablecoin Conversions
22.08.2024 16:30 1 min. read Alexander Stefanov
Starting August 28, Coinbase will offer conversions between the euro and the EURC stablecoin at a 1:1 ratio in selected regions.
EURC, which mirrors the euro’s value, is compliant with the European Union’s Markets in Crypto Assets (MiCA) regulation, similar to how USDC is tied to the US dollar.
The new feature on Coinbase Advanced will allow fee-free conversions. On August 29, Coinbase will introduce an EURC-USDC order book while discontinuing the EURC-EUR and EURC-USD order books.
The move aims to streamline conversions and trading between fiat currencies and stablecoins.
Although dollar-pegged stablecoins are prevalent, euro-pegged stablecoins are significant in the market.
Euro-pegged stablecoins account for about 92% of all stablecoins on Ethereum, excluding those pegged to the dollar.
-
1
Visa in Talks with World Network to Launch Stablecoin Wallet Integration
25.03.2025 18:00 2 min. read -
2
Ripple Announces New Partnership to Revolutionize Cross-Border Payments in Africa
27.03.2025 18:00 2 min. read -
3
UAE Set to Launch Digital Dirham in Late 2025, Paving the Way for CBDC Adoption
30.03.2025 19:00 2 min. read -
4
Europe Outpaces U.S. in Crypto Banking, But Can It Maintain Its Lead?
11.03.2025 17:30 1 min. read -
5
ECB Faces Scrutiny Over Digital Euro Amid Payment System Glitch
11.03.2025 13:00 1 min. read
UAE Set to Launch Digital Dirham in Late 2025, Paving the Way for CBDC Adoption
The United Arab Emirates is set to launch its digital dirham, a central bank digital currency (CBDC), by the fourth quarter of 2025.
Ripple Announces New Partnership to Revolutionize Cross-Border Payments in Africa
Ripple has secured a strategic partnership with Chipper Cash to enhance cross-border payments across Africa, utilizing Ripple’s blockchain and XRP for fast, cost-effective transactions.
Two Major Banks Launch U.S. Bank-Backed Stablecoin on Ethereum
Custodia Bank, a notable player in the crypto space, has partnered with Vantage Bank to introduce a groundbreaking stablecoin, marking a first for the U.S. banking sector.
Visa in Talks with World Network to Launch Stablecoin Wallet Integration
World Network, formerly known as Worldcoin, is reportedly in advanced discussions with Visa to launch a new stablecoin wallet that would seamlessly integrate crypto-native features into Visa’s vast global customer base.
-
1
Visa in Talks with World Network to Launch Stablecoin Wallet Integration
25.03.2025 18:00 2 min. read -
2
Ripple Announces New Partnership to Revolutionize Cross-Border Payments in Africa
27.03.2025 18:00 2 min. read -
3
UAE Set to Launch Digital Dirham in Late 2025, Paving the Way for CBDC Adoption
30.03.2025 19:00 2 min. read -
4
Europe Outpaces U.S. in Crypto Banking, But Can It Maintain Its Lead?
11.03.2025 17:30 1 min. read -
5
ECB Faces Scrutiny Over Digital Euro Amid Payment System Glitch
11.03.2025 13:00 1 min. read
