CoinsPaid Adds Circle’s EURC on Ethereum, Solana and Base for Euro Payments
CryptoProcessing by CoinsPaid has integrated Circle’s euro-backed stablecoin EURC across Ethereum (ERC‑20), Solana (SPL) and Base, enabling merchants in Europe to accept euro-denominated on‑chain payments. The move targets e-commerce, travel and iGaming sectors by offering faster settlement, reduced FX risk and MiCA-aligned compliance. CoinsPaid CTO Aliaksei Tulia described the listing as strengthening the firm’s bridge between traditional finance and blockchain settlement rails. EURC is fully reserved, 1:1 redeemable with euros held in European banks and positioned as a transparent alternative to USD-denominated stablecoins. The integration complements previous USDG support, expanding CoinsPaid’s fiat-backed, audit-verified stablecoin options and improving access to euro liquidity for merchant settlement and cross‑border payments as the EU implements MiCA.
Bullish
The integration of EURC by a major crypto payment processor is likely bullish for euro‑denominated on‑chain activity and stablecoin utility. For traders, the direct implications are: increased euro liquidity on-chain reduces FX friction for European merchants, encouraging higher transaction volumes that can raise demand for native chain tokens (ETH, SOL, BASE ecosystem). EURC’s full‑reserve, MiCA-aligned profile also reduces regulatory and reserve‑transparency concerns that have previously dented trust in some stablecoins, which can support broader market confidence. In the short term, expect modest positive sentiment in markets tied to the supported chains and stablecoin sector—spot demand for ETH, SOL and Base gas may tick up as merchants and services test flows. In the medium to long term, wider merchant adoption of euro settlement could boost on‑chain payment volumes and stablecoin circulation, supporting on‑chain fee revenue and utility for layer‑1 assets. Caveats: the impact is not an immediate price driver like new listings on major exchanges; regulatory developments around MiCA and Circle’s execution on reserves remain key variables. Historical parallels: USDC integrations and payment rails expansions (e.g., PayPal/USDC merchant integrations) produced gradual increases in on‑chain usage and positive sentiment for associated tokens rather than sharp speculative rallies.