Question:

We are seeking talented data analysts to provide insights and metrics regarding the newly launched Euro stablecoin on the Avalanche blockchain. The stablecoin, developed by Circle, aims to provide a reliable and secure digital representation of the Euro.

Topics to cover:

Determine the total supply of the Euro stablecoin on the Avalanche blockchain.

Analyze adoption metrics such as the number of transactions conducted with the stablecoin on Avalanche.

Evaluate the number of unique holders of the Euro stablecoin on Avalanche.

Add any other topic you think may be useful/relevant.

Methodology:

In this dashboard I will analyze newly launched Euro stablecoin on the Avalanche blockchain parameters and to find desired metrics I looked for EUROC contract address '0xc891eb4cbdeff6e073e859e987815ed1505c2acd' in avalanche.core.ez_token_transfers and avalanche.core.ez_dex_swaps tables.

Avalanche:

Avalanche is a blockchain platform that aims to address the blockchain trilemma of scalability, security and decentralization thanks to its unique Proof of Stake (PoS) mechanism.

Like Ethereum, Avalanche supports smart contracts to run decentralized applications (dApps) on its network. Since Avalanche’s smart contracts are written in the Solidity language also used by Ethereum, it aims to create greater blockchain interoperably by integrating a number of decentralized finance (DeFi) ecosystems, including well-established projects like Aave and Curve.

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees. Read More

Circle:

Circle is a fintech firm providing peer-to-peer payment technology. Through its platform, Circle enables consumers and businesses to make payments to one another using their mobile devices. It has been established with the belief that there is a better way to move money.

In 2013, Sean and Jeremy founded Circle Internet Financial Limited. Circle was granted an e-money license by the UK’s Financial Conduct Authority. The company set out to build a new kind of payment network that could be used anywhere in the world, across currencies, borders, and devices.

Today Circle is on a mission to make money work the way it should — safe, simple, free, and instant — everywhere people want it.

Circle launched USDC (a stablecoin) in 2018, which is backed by $1 or an asset with equal value. Read More

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. Read More