Circle renamed its stablecoins USDC and EURC


Circle has announced that it has changed the official names of its “stable coins” USD Coin and Euro Coin to USDC and EURC.

The new names correspond to the stablecoin tickers. The company noted that it will gradually abandon the old names USD Coin, Euro Coin and EUROC.

“Circle’s mission is to enhance global economic prosperity through the seamless exchange of value. Finding and identifying our stablecoins should reflect the same ease,” it said.

According to the press release, existing addresses will remain the same – individual tokens will not be introduced.

USDC is issued by the Center consortium, which includes Circle and the Bitcoin exchange Coinbase. The asset ranks second in the ranking of stablecoins by capitalization after Tether (USDT) with $25.7 billion.

Data: CoinGecko.

In August, Circle announced the launch of USDC on six new networks: Base, Cosmos (via Noble), NEAR, Optimism, Polkadot and Polygon.

Let us remind you that Kaiko analysts noted the resumption of “stablecoin wars”.

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