Recently, Euro Coin has been added to other stable coins of Avalanche and even though it is new in this network, it has gained popularity and good feedback.

In this dashboard, we intend to examine and analyze the projects and sectors that have made the most use of this stable coin.

At first, we will compare the price of Euroc and several other stablecoins to see if it was different from other stablecoins even though it was newly added to the network.

In the following, we will discuss the volume of Euroc swaps and sort them based on the tokens that have been swapped and the tokens that this stablecoin has been swapped to, as well as the users who have had the highest swap volume.

A euro stablecoin backed by full reserves

Built to a higher standard

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.

A new era for FX & digital finance

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.

Who it’s for

Euro Coin is available to anyone with an internet connection, enhancing access to the euro across borders and time zones.

Source : Circle.com

After that, we will go to Euroc transfer volume and check the data related to it from June 9th and when it is added to Avalanche.

In the following, we will go to the destination of the transfers to see which sectors were transferred the most? Has it been transferred to more addresses or to other parts of the Avalanche network?

If it has been transferred to sectors, to which projects and how much was the share of each project in these transfers?

For this I have used the good and complete data of FlipsideCrypto .