Circle launched its EURC stable token on the Solana blockchain to speed up cross-border transactions and transfers. The EURC is intended to be regulated in accordance with EU law.

Solana-based decentralized finance applications and digital wallets such as Jupiter Exchange, Meteora, Orca and Phoenix have added support for the stable token. The extension to Solana follows implementation on the Avalanche, Ethereum and Stellar blockchains.

Circle said that "the EURC is ready to radically improve the capabilities for person-to-person transfers and European transfer corridors."