Coinbase to Facilitate Euro and Euro-Pegged Stablecoin Conversions

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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.