TechFlow news: Coinbase has announced it will begin supporting 1:1 conversions between fiat euros and the euro-pegged stablecoin EURC starting August 28 at Beijing time.
EURC is a stablecoin compliant with the European Union's latest MiCA (Markets in Crypto-Assets) regulations, pegged in value to the euro, similar to how USDC relates to the U.S. dollar.
The conversion service on Coinbase Advanced will be fee-free. Additionally, Coinbase will launch a new EURC-USDC trading pair on August 29 at Beijing time, while delisting the existing EURC-EUR and EURC-USD trading pairs.
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