According to an official announcement from TechFlow, Circle announced that its Euro stablecoin EURC will be introduced to Base, which is the first Euro-backed stablecoin of Base. EURC is issued by Circle and, together with USDC, becomes the first stablecoin issued on Base that complies with the new Crypto Asset Market (MiCA) regulations. Circle said that the introduction of EURC will provide global users with faster and cheaper Euro-backed digital currency transactions while promoting the development of the Base ecosystem.