CRYPTO NEWS

USDC Issuer Circle Announces Fully Fiat Backed Euro Stablecoin

USD Coin (USDC) issuer Circle has announced it will be launching a new stablecoin product, Euro Coin (EUROC). As the name suggests, ERUOC will be pegged to the value of EUR and redeemable at a 1:1 ratio at all times. The stablecoin will be fully backed by euro cash reserves.

Core Scientific sold $167M worth of Bitcoin holdings in June

The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31.