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Circle's euro stablecoin EURC launches on South Korea's Upbit, enabling direct euro trading with won, BTC, and USDT pairs.

Market News
11 Sep 2026
Crypto Briefing
View Source
Bullish
Circle's euro stablecoin EURC launches on South Korea's Upbit, enabling direct euro trading with won, BTC, and USDT pairs.

Circle's euro-backed stablecoin EURC began trading on Upbit, South Korea's largest crypto exchange, on August 28, 2026. The listing includes EURC trading pairs with the Korean won (KRW), Bitcoin (BTC), and USDT, allowing traders to convert won directly to euros without using the US dollar as an intermediary, reducing time and fees. EURC is fully backed by euro reserves held in regulated European institutions and complies with the EU's MiCA regulations, ensuring transparency and security. This move introduces euro-denominated digital assets to a market dominated by dollar-pegged stablecoins and offers new arbitrage opportunities, especially with the EURC/BTC pair amid South Korea's unique Bitcoin pricing dynamics.

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