Moonwell has activated a new market for EURC, a euro-backed stablecoin issued by Circle and compliant with MiCA, on the Base network. Moonwell is the first lending app on Base to support EURC, allowing the community to lend and borrow the stablecoin. Additionally, the Moonwell Flagship EURC Vault is now live, utilizing MorphoLabs to simplify onchain euro lending. Curated by BlockAnalitica and bprotocol, the vault aims to deliver optimized, risk-adjusted returns for EURC depositors. There is strong demand for EURC on Moonwell, and the EURC supply on Base continues to trend up.