The Avalanche network has also recently introduced the Euro Stablecoin (EURS), a new stablecoin that is pegged to the Euro. This stablecoin will be used to facilitate fast and low-cost cross-border payments, as well as to provide a stable store of value for users.

The EURS stablecoin will be backed by a reserve of Euros held in a bank account, ensuring that its value remains stable and predictable. This will make it an attractive option for users who want to avoid the volatility of other cryptocurrencies while still enjoying the benefits of blockchain-based payments.

The launch of the EURS stablecoin on Avalanche is a significant development for the network, as it further expands its use cases and makes it more attractive to a wider range of users. With its fast and secure network, low transaction fees, and now the ability to transact in a stablecoin pegged to the Euro, Avalanche is well-positioned to become a leading blockchain platform for decentralized finance and other blockchain-based applications.

In this analysis, the supply and activity of the EUROC on the Avalanche network have been investigated. This analysis is divided into the following parts:

• Supply of EUROC on the Avalanche
• Adaptation on the network
• Holders of EUROC
• Trade analysis related to the EUROC

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the supply of the $EUROC has been determined on the Avalanche network by considering the mint and burn actions by this token.

• After supply investigation, the adaptation of the EUROC on the Avalanche blockchain has been determined by various indicators. The transfer analysis for EUROC and also the count of senders and receivers have been calculated. The application of EUROC on various sectors and projects of the Avalanche has been evaluated, too.

• The holders of the EUROC have been obtained. Also, the distribution of holders based on the volume of hold has been represented to find the behavior of EUROC holders.

• Finally, the trade analysis of EUROC on the Avalanche has been underestimated from various points. The sale and buy volume of EUROC is determined. The tokens swapped from EUROC and swapped to EUROC have been obtained based on the volume of trade.

• Note: The investigation of EUROC has been done since May 25, 2023.