
Circle, a leading stablecoin issuer, has announced the launch of its MiCA-compliant euro-backed stablecoin, EURC, on the layer-2 blockchain Base. This expansion follows Circle's recent acquisition of an e-money license from French regulators, allowing it to issue both EURC and USDC in the European Union in compliance with MiCA regulations. The introduction of EURC to Base is expected to enable faster and cheaper commerce with a euro-backed digital currency for global users. Additionally, Bastion has integrated its regulated wallet API with Base, enhancing secure and scalable payment solutions. The collaboration between security firm Extropy and BuildOnBase for decentralized audits of tokens and NFTs further bolsters the security of the platform. Circle's EURC joins USDC, EUROe, and EURD as compliant stablecoins, while Chainlink's partnership with Dedaub aims to enhance security for DeFi projects.

EURC is coming to @base, joining USDC as a best-in-class stablecoin for the european economy. just the next step in our mission to make it dead simple for anyone, anywhere to come onchain. https://t.co/fzZPjVMUg8
Stablecoin issuer Circle is expanding its reach, this time with the launch of its MiCA-compliant euro-backed stablecoin on layer-2 chain, Base https://t.co/um2FdOuLV6
$EURC is coming to @base https://t.co/fhiy6t6rRP https://t.co/r4gFOCzbcU