Coinbase, one of the top cryptocurrency exchange platforms, has announced the listing of $EUROC, a stablecoin backed by the Euro and issued by Circle. The listing comes amidst some controversy regarding stablecoin issuers and the US Securities and Exchange Commission (SEC).
Euro Coin Listed on Coinbase
Earlier this month, Coinbase added the EUROC to its listing roadmap, and the stablecoin has now been officially listed on the exchange. Coinbase notes that the asset meets the exchange’s standards for legal, compliance, and technical security, regardless of its market cap or popularity.
The Euro coin is a stablecoin issued by Circle, backed 1:1 by the Euro. Coinbase’s listing roadmap highlighted the asset’s meeting of extensive standards for legal, compliance, and technical security, showing their desire to treat all assets equally.
Read More: Circle CEO Argues Stablecoins Should be Regulated by Banking Authorities
Coinbase Continues to Navigate Regulatory Scrutiny
Coinbase has recently been in the headlines due to its delisting of the Binance stablecoin (BUSD) and the launch of Crypto435, an initiative to fight for the industry amidst regulatory scrutiny.
The listing of EUROC on Coinbase shows that despite the current controversy surrounding stablecoins, there are still high-quality assets available to investors. By maintaining strict standards for legal, compliance, and technical security, Coinbase is helping to improve the industry’s standards and foster greater trust among investors.
