Spiko Adds USDC/EURC Payments to Two EU UCITS T-Bill Funds on Coinbase Base
EURC is also explicitly named for subscriptions and redemptions, targeting euro-based investors in the EU-regulated funds. This provides a concrete use case for a euro-native stablecoin, potentially boosting adoption and liquidity in a market that has lagged USD stablecoins. The integration could accelerate EURC's growth and pressure other euro stablecoin projects.
- ▲ EURC accepted as payment currency for EU UCITS Treasury funds
- ▲ Base layer-2 settlement enables efficient euro-pegged on-chain transfers
- ▼ Low liquidity on EURC trading pairs may limit market impact
- ▼ Regulatory hurdles specific to euro stablecoins under MiCA could create uncertainty
▼ Show FAQ (3) ▲ Hide FAQ
Why is EURC significant in this integration?
EURC provides a euro-native stablecoin option for European investors, avoiding forex conversion costs and complying with EU regulations.
Could EURC's market cap grow substantially from this?
If more EU-regulated funds adopt EURC for subscriptions, its demand could rise sharply from the current low base, though scalability depends on broader exchange support.
Is EURC issued by Coinbase?
No, EURC is issued by Circle, the same company behind USDC, but the integration uses Coinbase's payment infrastructure via Base.