# RFC: Implementation of EUROC stablecoin **URL:** \ **Category:** Proposals\ **Tags:** 2022, june\ **Created:** [June 29, 2022, 12:29pm UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279 "2022-06-29T12:29:40Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![RoyCrypto11](https://avatars.discourse-cdn.com/v4/letter/r/b19c9b/32.png) [@RoyCrypto11](https://gov.centrifuge.io/u/RoyCrypto11)\ **Post date:** [June 29, 2022, 12:29pm UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279/1 "2022-06-29T12:29:40Z")
Hi Centrifuge Community, I want to request comments on proposed implementation of EUROC (EURO stable coin) as soon as possible. I believe the crypto market changed significantly and liquidity providers (and perhaps also AO’s from Europe) would like to minimize their FX-risk. Recently Circle announced the launch of EUROC, refer to: [Euro Coin | A Euro-Backed Stablecoin](https://www.circle.com/en/euro-coin) It would benefit Centrifuge in multiple ways: - Attract more Liquidity providers: In current crypto landscape, liquidity providers are risk-averse and seek investment opportunities alike. By eliminating the FX-risk for EU-based liquidity providers, this may open up possibilities to attract more liquidity to the Tinlake Pools. - Attract more AO’s: Same reasoning as for the liquidity providers. If Centrifuge takes the ‘first mover advantage’ it may attract the interest of EU-based AO’s and hence opens up possibilities for increasing the protocol’s TVL. **The proposal is to:** Ask the Centrifuge developers team to actively investigate opportunities to implement EUROC as soon as possible in Tinlake Pools (and/or [RWAmarket.io](http://RWAmarket.io)). I’m happy to see any comments on the above 🙂 Regards, Roy ---
**Author:** ![Rhano](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/rhano/32/1014_2.png) [@Rhano](https://gov.centrifuge.io/u/Rhano)\ **Post date:** [June 29, 2022, 12:50pm UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279/2 "2022-06-29T12:50:43Z")
Hi @RoyCrypto11, Thank you for your proposal - and for following the correct procedure for creating one 👍 I support your idea and also believe it would be a great addition to have a EURO stable coin as a way to invest in pools. Personally, I also think that there are other areas where the team should put their focus right now, such as: - Getting the pools up and running on Altair first to test the functionality - Afterwards launch the pools Centrifuge - Optimizing the POP process for onboarding new issuers All of the above are crucial prerequisites for an implementation of a EURO stable coin. Given that there is not unlimited manpower, I am personally of the opinion that the focus should be on the aforementioned areas to ensure a strong foundation for the protocol in the future. Once things have run smoothly for a while, I believe it would be a good idea to look into other possibilities to increase TVL and attract more investors - and I will support a proposal for an implementation of a EURO stable coin. ---
**Author:** ![Tjure07](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/tjure07/32/1039_2.png) [@Tjure07](https://gov.centrifuge.io/u/Tjure07)\ **Post date:** [June 30, 2022, 8:56am UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279/3 "2022-06-30T08:56:04Z")
Hi Roy. I in principle support the idea to use the EUROC stable coin - as an equivalent to the USDC stable coin - for investors from the Euro zone. Although I don’t like the concept that each EURO is held “in euro-denominated banking accounts” as stated on their website because this is a centralized solution where banks are in custody of the underlying assets. Any more information where exactly these bank accounts are located? Hopefully fully decentralized stable coins will emerge soon 😉 ---
**Author:** ![Vad](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/vad/32/1566_2.png) [@Vad](https://gov.centrifuge.io/u/Vad)\ **Post date:** [June 30, 2022, 7:53pm UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279/4 "2022-06-30T19:53:27Z")
I guess the tech resources are not unlimited for the team. it would be interesting to see implementation of aUSD stablecoin first ---
**Author:** ![Tjure07](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/tjure07/32/1039_2.png) [@Tjure07](https://gov.centrifuge.io/u/Tjure07)\ **Post date:** [July 2, 2022, 7:45am UTC](https://gov.centrifuge.io/t/rfc-implementation-of-euroc-stablecoin/4279/5 "2022-07-02T07:45:07Z")
Stay tuned… 😉 ![image](https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/2/249ed9d9265af4ab5f66b59b22538918544432ba.png) > **[The Centrifuge Parachain is Live!](https://medium.com/centrifuge/the-centrifuge-parachain-is-live-69b252554528)** > > Here’s what’s coming next: token utility, integrations, and how to claim your CFG