Circle Euro Stablecoin Finally Gets A Run On Coinbase

Trading of EUROC on Coinbase will begin at 9 am PT on Feb. 22, pending liquidity conditions


Skorzewiak/ modified by Blockworks


Coinbase, one of the largest centralized crypto exchanges in the world, is adding Circle’s euro-pegged stablecoin (EUROC) to its token roster.

EUROC is a stablecoin issued by Circle pegged one-to-one to the euro through overcollateralized euro-backed reserves. 

Circle’s widely-used USD token (USDC) is the second-largest stablecoin in the world, first deployed by Centre, a consortium it co-founded with Coinbase in 2018.

The trading of EUROC on Coinbase will begin at 9 am PT on Feb. 22, pending liquidity conditions, Coinbase Assets tweeted

“Once sufficient supply of this asset is established, trading on our EUROC-USD and EUROC-EUR trading pairs will launch in phases,” the company said.

A Circle spokesperson previously told Blockworks that the stablecoin would adhere to “prudential standards” that apply to existing fintech and payments companies in the US including PayPal, Stripe, Square and Venmo.

EUROC’s market capitalization is still relatively low, at $33.9 million, compared to Tether’s EURT, which has a market capitalization of $218 million, per CoinGecko.

Coinbase’s EUROC will be tagged with an experimental label — ​​often given to tokens that are new to the Coinbase platform or have low trading volume. The issuance of the token may too, be restricted in a handful of jurisdictions.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders


Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume


DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit