Starting with a new Stablecoin (EUROC) on Avalanche

After the price of most famous tokens fell and the market became bearish, most investors converted their tokens to stablecoins. With this change in the attitude of investors, the famous company, Circle started to create new stablecoins with its support. Eurocoin (EUROC) is an open-sourced, decentralized digital cryptocurrency that functions on a community-based standard. In this dashboard, we examine the various dimensions of that stablecoin on Avalanche.

Introduction

EUROC

Euro Coin (EUROC) is a stablecoin that is backed by euros and can be accessed globally on Ethereum and Avalanche. It is issued by Circle under a full-reserve model and is designed for stability, with 100% backing from euros held in euro-denominated banking accounts, allowing it to always be redeemed 1:1 for euros.

Euro Coin is a stablecoin backed by euros that operates 24/7 and moves at a fast pace. Its availability, along with USDC, opens up new opportunities for multi-currency digital finance and rapid foreign exchange, which can reach over $6.6 trillion in daily volume across traditional markets worldwide.

Euro Coin is a stablecoin that is natively available on Ethereum and Avalanche, allowing for global access. It operates 24/7 and allows for low-cost transactions that settle in seconds, making it easy to send, spend, and trade across the globe.

Euro Coin is a stablecoin that is fully reserved, with 100% backing from euros, ensuring it can always be redeemed 1:1. Reserves are held separately from Circle's operating funds and are bankruptcy remote. Regular attestations provide assurance that the value of Euro Coin reserves exceeds the amount in circulation.

Methodology

The analysis of stablecoin statistics is from the beginning of 2023 until now.
Some of the graphs are monthly and in some of them logarithmic representation is used.
The addresses of stablecoins are taken from https://snowtrace.io/tokens
Some information is taken from circle website (https://www.circle.com/en/euro-coin)

Dashboard Created By: Amir (Twitter: @amir007_eth)

ETHEREUM EUROC

https://etherscan.io/token/0x1aBaEA1f7C830bD89Acc67eC4af516284b1bC33c

Ethereum is open access to digital money and data-friendly services. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

Exchanges: BitMart, Bitpanda, Bittrex Global, Bitso, Bitstamp, Bitvavo, CEX.io, Coinbase, HitBTC, Huobi, Mercado Bitcoin, Mt Pelerin

Apps: Curve, DFX, Uniswap

Custodians: Anchorage Digital, BitGo, Finoa, Fireblocks, Hex Trust

Payments: BitPay, B2BinPay

Wallets: Bridge Wallet, Coinbase Wallet, Core, Ledger, MetaMask

AVALANCHE EUROC

https://snowtrace.io/token/0xc891eb4cbdeff6e073e859e987815ed1505c2acd

Avalanche is an open, programmable smart contracts platform for decentralized applications. With EVM-compatibility, developers can readily deploy their Ethereum apps on Avalanche and benefit from near-instant settlement times and lower costs.

Exchanges: BENQI, Cables, Curve, Dexalot, GMX, NFT-TiX, Pangolin, Platypus, Trader Joe