Coinbase, a leading cryptocurrency exchange based in the US, has announced that it will be adding support for a stablecoin tied to the Euro called Euro Coin (EURC). The addition of EURC to the exchange will occur on January 20th, according to a statement from Coinbase Assets on the social media platform X.

Coinbase has designated EURC as an experimental asset, which means it is considered riskier and more volatile than other digital assets on the exchange. The company advises users not to send EURC over any other networks to avoid the risk of losing their funds.

However, there has been a delay in the renaming of Euro Coin from EUROC to EURC, which has affected the service. Coinbase apologizes for the delay and assures users that their funds are safe. The company’s teams are working diligently to restore full service as quickly as possible.

Euro Coin was initially launched by Circle, the issuer of USDC, on the Ethereum blockchain in June 2022. Since then, it has expanded to other cryptocurrencies like Solana and Stellar.

To stay updated on the latest news and price action in the crypto market, users can subscribe to receive email alerts from Coinbase. The company also encourages users to follow them on X, Facebook, and Telegram.

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