Stablecoin issuance circle introduced EUROC on Avalanche networkon the occasion of the second blockchain to support the asset. Offers the euro, which is backed by the euro at a ratio of 1 to 1 developers Another way to serve users is by integrating into decentralized applications (dApps).
Circular euro coin joins Avalanche ecosystem
Its stablecoin issuance circuit successfully launched its own EUROC stablecoin on Avalanche network. this move Makes an avalanche second blockchain platform to support Euro currency, after its initial launch on Ethereum last year.
EUROC operates as a stablecoin With the support of the euro, maintaining a ratio of 1 to 1. content, for every euro coin minted, one Euro must be deposited in bank EUROC support account stablecoin. Company circle behind USDC stablecoincreated the euro currency.
the team Claims fiat euro supporting EUROC is held in leading financial institutions, ensuring transparency and trust.
Circle posts monthly updates and submits annual audits regarding its paper reserves to the US Securities and Exchange Commission (SEC), which enhances trustworthiness.
Avalanche, an innovative blockchain platform, is addressing the blockchain triad of Scalability, security and decentralization with that it unique Proof-of-stake (PoS) mechanism.
Similar to Ethereum, Avalanche supports smart contracts, enabling execution of decentralized applications (dApps) on that it network.
By taking advantage of hardness languagethe most used on Ethereum, Avalanche aims to enhance blockchain interoperability through consolidation various Decentralized Finance (DeFi) ecosystems, including projects like Aave and curve.
afax price analysis
AVAX native token of Avalanche platform, manages transactions within the ecosystem. It acts as the mediator for distribution system rewardssharing in governance and facilitation network Transactions by covering fees.
on time of writingthe price of Avalanche is $14.07, with a market Capitalization of $4.70 billion. Avax has 24 hours trading amount of 142,150,612 million dollars.
On the daily time frame, AVAX has seen an increase of 0.1%, while in the last Seven days, 5.2% encountered decline. The circulating supply of AVAX is 334,600,527, according to CoinGecko.
the support levels for AVAX is at $13.80 to $13.21, which indicates a range in that price He is expected to find stability. On the contrary, resistance levels are expected between $14.50 and $15.20, which indicates a possibility. price barriers that may need to be bypassed for More upward movement.
