Hassan Maishera
On Wednesday, Aave Labs announced via X that EURC, Circle's Euro stablecoin, is now on Aave's Base market. This integration allows Aave users to borrow or use EURC as collateral. EURC is MiCA-compliant and redeemable 1:1 for Euro.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $171.47 per token, up 1% in the last 24 hours.
