On Wednesday, the API3 team announced via X that the EURC/USD Exchange Rate is now available on the API3 Market. $EURC is a euro-backed stablecoin issued by Circle that is always redeemable 1:1 for the euro. Developers can start using this new data feed across 38 blockchains today.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.627, down 3% in the last 24 hours.