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The cryptocurrency EUR is an abbreviation of Euro Coin (EURC), which is a stablecoin backed by the Euro. A stablecoin is a cryptocurrency whose price is linked to a fiat currency or asset, in order to reduce volatility. The EURC is issued by the Malta-based company Stasis and follows the ERC-20 standard of the Ethereum blockchain. EURC is used to facilitate cross-border transactions, payments, trading and lending in the decentralized finance (DeFi) ecosystem. The current price of EURC is 0.9980 euros, with a market capitalization of 51.6 million euros.
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