Stablecoin issuer Circle has launched its euro-backed stablecoin, EURC, on the Base network. This marks the first time EURC is available on an Ethereum layer-2, making it easier for e-commerce applications to facilitate global trade. The Base versions of EURC and the US-dollar-backed USDC are the first stablecoins on Base to comply with the new Markets in Crypto Assets (MiCA) regulation. This move may benefit Base users wishing to exchange euros for dollars and vice versa, potentially reducing forex trade costs by up to 80%. However, some decentralized exchanges have yet to list the new coin.