↑ Euro Stablecoins Surge: Launch of Binance's Eurite, Banking Circle's EURI, and Circle's EURC

It appears the cryptocurrency world is now rife with developments relating to Euro-denominated pegged stablecoins. Binance has taken the initiative to introduce Eurite, a Euro-pegged stablecoin with no transaction fees. This timely launch appears set to capture the European markets, particularly with the regulators’ renewed urgency to establish a Euro Coin to counter the US Stablecoin's dominance. In the same vein, Banking Circle has also unveiled EURI, a Euro-linke stablecoin.

Meanwhile, Circle has introduced its EURC, a Europe-focused stablecoin. It appears the tradewars have pushed the value of the Euro and the EURC is riding the wave. Notably, the EURC will be made available on both the Solana and Avalanche blockchains. Bitso, a Latin American company, made a landmark occasion by listing a Euro Coin.

Specifically in Germany, DWS, in collaboration with Deutsche Bank, has been given regulatory approval for a Euro stablecoin. This is morale-boosting given Tether’s reluctance and subsequent withdrawal from issuing a Euro stablecoin, citing MiCAR’s regulations.

Commemorative and rare Euro coins are continuing to generate excitement. Particularly, a Cristiano Ronaldo themed Euro coin is speculated to be worth $150,000 to collectors. Meanwhile, some regular 1 Euro coins may worth almost €2,000 due to their rarity and others can potentially be valued more than €1000 if they are part of a limited edition.

It emerges, however, that there is controversy around national Euro coins. Croatia had to abandon one of their designs following plagiarism claims. Similarly, Serbia protested Croatia’s plan to picture inventor Tesla on Euro Coin.

EURI Coin News Analytics from Sun, 25 Oct 2020 07:00:00 GMT to Sun, 27 Jul 2025 06:24:23 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 2