Circle renamed its stablecoins USDC and EURC
Date: 2023-09-23 Author: Karina Ziganova Categories: BLOCKCHAIN
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.
In August, Circle announced the launch of USDC on six new networks: Base, Cosmos (via Noble), NEAR, Optimism, Polkadot and Polygon.
Kaiko analysts noted the resumption of “stablecoin wars.”
