EURI Coin: A Stable Future Amid The Euro Mania

The prominent cryptocurrency exchange Binance has added a new euro-pegged stablecoin, EURI, to its platform. This reflects a general global trend as Banking Circle and SocGen's crypto unit also launching MiCA compliant stablecoins, with SocGen specifically introducing EURCV. Circle has similarly announced its own fully reserved, euro-backed stablecoin, $EURC, with the unique feature of being live on Solana, marking the industry trend of multi-chain operations. Concurrently, the crypto integration from BitPay extends to ApeCoin and Euro Coin.

In-country news, counterfeit euro coin manufacturers in Spain and Italy were dismantled. States are investing in new coins for special events, with France notably melting down millions due to improper star design. Notably, Latvia is in debates about small denomination coins and Estonia is saving on minting by issuing a two-euro coin dedicated to the cornflower, its national flower.

There's also strong interest in historical euro coins. For instance, valuables such as the Bulgarian euro coins featuring two saints, the 2-euro coin from the Principality of Monaco now worth thousands, and others with small errors able to fetch substantial prices. Bulgaria's entry into the euro zone is marked by the approval of its coin designs by the central bank. Croatia's coin designs, however, were controversially scrapped over copying allegations.

Another trend in the market is the emergence of digital euros. The EU Parliamentary Committee voted in favor of a digital euro CBDC while the country-specific stablecoin scene exploded, despite the EU. Circle also announced plans to launch a Euro Coin Multi-Chain. Whether this trend will find real traction in Europe is up for debate."

EURI Coin News Analytics from Mon, 23 Jul 2018 07:00:00 GMT to Mon, 09 Sep 2024 11:36:03 GMT - Innovation 8 - Rumor 8