Customers at top US crypto exchange Coinbase could soon trade their digital assets with a euro-backed stablecoin.

The exchange added Euro Coin (EUROC) to its listing roadmap on Thursday, putting the stablecoin on the path to being tradeable.

Euro Coin is issued by Circle, the global fintech company known for working in a consortium with Coinbase to issue USD Coin (USDC), the second-largest dollar-pegged stablecoin.

Circle says Euro Coin is “100% backed by euros held in euro-denominated banking accounts,” in order to ensure it’s always redeemable at a 1:1 ratio for euros.
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