EURC Hits New Record as Demand Grows Across Blockchains

Interestingly, EURC is not just standing still. Circle continues to push expansion to networks such as Avalanche, Base, Stellar, Sonic, and Solana. The wider the reach, the higher the utility. Not only that, CNF has also reported that EURC and USDC are now officially recognized by the DFSA, the regulator at the Dubai International Financial Center (DIFC). That way, both can operate with a clear legal basis in one of the global financial centers.

Dante Disparte from Circle said, this is indeed part of the company‘s big strategy to encourage the adoption of stablecoins that are truly supervised and compliant with regulations. So it’s not just sweet promises.

Clear regulations mean trust can grow stronger. If people used to wonder if stablecoins were really safe, now the answer is starting to look clearer.

From IPO Ambitions to Global DeFi Integration

Meanwhile, on the other hand, Circle is also quietly moving in a broader direction. In early April, they filed documents with the SEC to go public on the New York Stock Exchange with the stock symbol “CRCL.” Their revenue in 2024 reached $1.68 billion, although net profit fell to $157 million from the previous year.

But it can be said that this plan is still a strategic step that shows their seriousness in bridging the traditional and crypto spaces.

What is also interesting is that Circle is not satisfied with just expanding EURC. They signed an MoU with ICE to explore the integration of their stablecoin into capital market infrastructure. In Japan, they even partnered with financial institutions to expand the use of USDC in the DeFi sector.

Compared to the beginning of stablecoins which were only a transaction bridge, now they have started to enter the main route of world financial traffic.