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Showing posts from May 25, 2023

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain

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On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset. Circle’s EUROC Stablecoin Finds New Home on Avalanche Blockchain About 11 months ago, Circle launched the euro stablecoin called euro coin (EUROC) as its second major fiat-pegged token, following usd coin (USDC). The EUROC stablecoin was initially launched on the Ethereum blockchain as an ERC20 token. Currently, there are approximately 47.11 million EUROC in circulation, according to statistics from etherscan.io. The euro-backed stablecoin issued by Circle is held by 1,381 unique Ethereum-based addresses. On Twitter, Circle announced that EUROC will now be hosted natively on the proof-of-stake (PoS) blockchain Avalanche (AVAX) . “It is official, [EUROC] is now multi-chain and live on [Avalanche

Putin Rejects Russian Economic Collapse Predictions — Highlights Active BRICS, SCO Cooperation

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Russian President Vladimir Putin says Russia is actively cooperating with major international organizations, including the BRICS group, the Shanghai Cooperation Organization (SCO), the Association of Southeast Asian Nations (ASEAN), the Gulf Cooperation Council (GCC), and multilateral organizations in Latin America and Africa. Putin also rejected predictions about the “total collapse” of the Russian economy. Russia ‘Actively’ Cooperating With BRICS, SCO, ASEAN Russian President Vladimir Putin spoke at the plenary session of the Eurasian Economic Forum on Wednesday. Among the topics he discussed were the state of Russia’s economy, the effects of Western sanctions, and cooperation with major international organizations, including the BRICS bloc and the Shanghai Cooperation Organization ( SCO ). The BRICS group comprises Brazil, Russia, India, China, and South Africa. “I consider the theme of the forum ‘Eurasian integration in a multipolar world,'” Putin described the annual forum