#Circle has renamed its stablecoins to #USDC and #EURC The company announced the official name change for its USD Coin and Euro Coin to USDC and EURC, respectively. These new names align with the ticker symbols of the stablecoins. Circle stated that they would gradually phase out the old names USD Coin, Euro Coin, and EUROC.

Circle's mission is to enhance global economic prosperity through seamless value exchange, and they believe that the names of their stablecoins should reflect this ease.

According to the press release, existing addresses will remain the same, and no new tokens need to be introduced. USDC is issued by the Centre consortium, which includes Circle and the Bitcoin exchange Coinbase. It is the second-largest stablecoin by market capitalization, following #Tether (USDT), with a market cap of $25.7 billion.

In August, Circle announced the launch of USDC on six new #networks Base, Cosmos (via Noble), NEAR, Optimism, Polkadot, and Polygon. $USDC