The introduction of EURC on the Stellar blockchain enables European users with Stellar wallets to conduct Euro deposits and withdrawals via Circle, utilizing the Single Euro Payments Area (SEPA) network.

Accessible through the LOBSTR wallet, known for its security and transparency on the Stellar blockchain, Circle's EURC stablecoin aims to become a leading Euro stablecoin in crypto capital markets. Fully backed and redeemable at a 1:1 ratio for Euro, EURC focuses on Solana, Ethereum, Stellar Blockchains, and Avalanche, offering users trusted and transparent features akin to Circle's USDC stablecoin, which has surpassed $31 billion in circulation as of March 2024.

MYKOBO's collaboration with Circle extends the interoperability and trustworthiness of Euro stablecoins, bridging Europe's financial infrastructure on the blockchain. With over 20,000 users leveraging EURC stablecoin across various platforms like LOBSTR, Beans, LINK, xBull, Honeycoin, and Empowch, MYKOBO strengthens the blockchain's facilitation of Euro transactions.

Stellar serves as a blockchain platform facilitating real-world utility solutions, particularly in cheaper and faster cross-border payments, while SEPA networks enable cashless Euro bank transactions within the EU and non-EU countries.