Circle, the issuer of the USDC stablecoin, will launch the Euro Coin stablecoin on Solana in 2023, the company revealed in a blog announcement. In addition to the stablecoin, Circle will also launch permissionless cross-chain protocol in the first half of 2023.
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Sheraz Shere, Head of Payments at Solana Labs, said that the addition of Euro Coin will expand the list of support stablecoins alongside USDC in Solana Pay. Circle added that FTX intends to support deposits and withdrawals of Euro Coin on Solana at launch, without detailing the timeframe.
The permissionless protocol is expected to launch in the beginning of 2023 on Ethereum and Avalanche, and expand to Solana in the first half of 2023, Circle explained.
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