What is Euro Coin?

• Euro Coin (EUROC) is a stablecoin issued by Circle Financial with a value that’s pegged to the dominant currency on the European Continent, the euro. Each Euro Coin in circulation is backed by one euro held in reserve in euro-denominated, U.S.-regulated bank accounts, and a single Euro Coin is always redeemable 1:1 for one euro.

• It’s the first stablecoin to have its reserves backed by the euro, utilizing the same model as USD Coin (USDC), another stablecoin launched by Circle Financial. The key difference between the two is that USDC reserves are instead held in U.S. dollars or equivalents. USDC was an immensely successful launch for Circle. More than $55 billion in USDC is in circulation today, making it the fourth largest cryptocurrency by market cap Link.

Methodology

• This dashboard will investigate EUROC token which launched on 25 May on Avalanche network.
• In addition, I try to illustrate performance of this token in Swap Sector, Transfer Sector, Total Number of Holders and Their hold volume and then Compare this token with another Stablecoins to illustrate which one has performed better during this time.

Summary

• The total supply of EUROC on the Avalanche network is about 1.6 million EUROC and this token has more than 30 holders on this network current now.
• In general, in terms of Swapping To and From EUROC, it seems that in terms of volume, most users tend to swap their EUROC for other tokens, while in terms of number of transactions, most users they tend to swap tokens for EUROC.
• Also, Trader Joe is the only platform that supports this token.

Tweet Link https://twitter.com/Afonso__Diaz/status/1663651890863968256?s=20