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    Euro Stablecoin on Avalanche

    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 / relevan

    Introduction
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    What is 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.

    Data from : kraken

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    Euro coin

    Euro Coin, or EUROC, is a euro-backed stablecoin that’s accessible globally on Ethereum and Avalanche. Similar to USDC, Euro Coin is issued by Circle under a full-reserve model.

    Designed for stability, Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros.

    Euro Coin is a euro-backed stablecoin that’s available 24/7 and moves at internet speed. Together, Euro Coin and USDC unlock new possibilities for multi-currency digital finance and near-instant foreign exchange, where daily volume in traditional markets can top $6.6 trillion globally

    Data from : circle