Safello becomes the first Nordic platform to offer Circle’s euro-backed stablecoin
Stockholm, 30 June 2023 | Safello, the leading crypto exchange in the Nordics, today announced plans to list Euro Coin, Circle Internet Financial’s fully-reserved, euro-backed stablecoin. Safello’s focus on stablecoins has increased as the use cases have matured significantly. As the first Swedish platform to list Circle’s USDC, Safello is now following up by offering Euro Coin, or EUROC, to institutional clients.
Natively available on the Ethereum and Avalanche networks, Euro Coin has a circulation of over 47 million euros (as of June 29, 2023), according to CoinGecko. Providing a fully-reserved, euro-backed stablecoin opens up new possibilities for multi-currency digital finance and near-instant exchange for Safello’s user base.
“Working with Circle is the first step in laying the groundwork for a business segment that we believe will grow over the next few years. Catering to the demand for stablecoin usage across the financial industry, both in Sweden and internationally, Safello now enables clients and partners to partake in the global transformation of the financial infrastructure within cross-border payments leveraging stablecoins. The listing of USDC for our retail customers has been highly appreciated and it will be a pleasure to extend the stablecoin offerings with EUROC to the institutional clients base,” says Emelie Moritz, CEO, Safello.
“Bringing Euro Coin to Safello’s institutional clients opens the door for seamless cross-border settlements around the globe,” said Joao Reginatto, VP of Product at Circle. “With access to both USDC and EUROC, Safello’s users can experience a faster and more efficient way to send, spend, borrow and lend money 24/7.”
The ability to mint USDC and EUROC directly via Circle Account offers Safello clients increased convenience and eliminates the need for multiple intermediaries.
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For more information, please contact
Johan Edin, CFO, ir@safello.com
Certified Adviser
Amudova AB is Safello’s certified adviser. Phone +46 8 546 017 58. E-mail: info@amudova.se
Safello is the leading cryptocurrency exchange in the Nordics, with over 320,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.