Zug, 15 October 2024 – Bitcoin Suisse is expanding its token offerings with the introduction of EURC, a fully-backed euro stablecoin issued by Circle. Following the removal of crypto custody fees for USDC in July 2024, Bitcoin Suisse is extending the same benefit to EURC, enabling clients to hold the euro-backed stablecoin with no crypto custody fees. EURC will be available as a standard trading pair with all crypto assets tradeable at Bitcoin Suisse.
The addition of EURC provides Bitcoin Suisse clients with enhanced flexibility and access to a stable, euro-denominated asset. As the sister token of USDC, EURC offers the same transparency and reliability, with reserves held in regulated financial institutions within the European Economic Area (EEA), backed by regular monthly attestations. Circle’s EURC is supported across multiple blockchains, including Ethereum, Solana, Avalanche, and more.
Back in July 2024, Circle reported that its French entity had obtained an Electronic Money Institution license, allowing both USDC and EURC to be issued in the EU in compliance with the Markets in Crypto Assets Regulation’s (“MiCAR”). This makes Circle the first global stablecoin issuer to meet MiCAR obligations.
With the introduction of EURC at 0% crypto custody fees, Bitcoin Suisse clients can store their EURC in Bitcoin Suisse Online Accounts at no additional cost. For cold storage, EURC can be held in the institutional-grade Bitcoin Suisse Vault, with a Vault custody fee of 0.20% per year.
Holding stablecoins through a crypto broker presents several key advantages: lower volatility due to their fiat peg, high liquidity, and fast transactions, making them efficient for trading. EURC can be used for portfolio diversification and serves as a hedge during market downturns—all while facilitating easy cross-border payments and broader financial accessibility.
Bitcoin Suisse is proud to further expand its partnership with Circle and remains committed to delivering trusted, secure solutions for its clients.
