Circle, the issuer of USD Coin (USDC), the second-largest stablecoin on the market, has announced the launch of the Euro Coin (EUROC), a new stablecoin backed by the Euro.  EUROC is Circle's second major fiat-pegged crypto asset, and is fully backed by euro-denominated reserves in the U.S.. Circle revealed that the reserves for EUROC are held by leading financial institutions, including Silvergate Bank.                            Accordong to Circle, the EUROC will have "the same security, liquidity, and transparency" as USDC. The new stablecoin will create new opportunities for payments, on-chain FX, trade finance, commerce, and broader digital asset markets use-cases.                       EUROC was launched on the Ethereum blockchain as an ERC-20 token.  Circle CEO Jeremy Allaire announced the date of the EUROC Token's release on the Ethereum network himself, revealing that it will be "available to mint and redeem on June 30."                      The launch of the euro-backed stablecoin marks a shift towards greater utility and adoption for cryptocurrencies.    - DAILYCOIN-