Jun 2022 Crypto Industry Updates

Last updated on 06 Jul, 2022 1 min read

Table of Contents

Content will be sorted chronologically with latest at the bottom.

Circle launching Euro Coin (EUROC)
- Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC)
- Circle will hold euros in euro-denominated banking accounts at leading financial institutions, beginning with Silvergate Bank in the U.S.
- Ethereum ERC-20 standard token
- officially launching on June 30th with support from a broad range of ecosystem leaders, including:
  - Exchanges: Binance.US, Bitstamp, FTX, Huobi Global
  - DeFi: Compound, Curve, DFX, Uniswap Protocol
  - Custodians: Anchorage Digital, CYBAVO, Fireblocks
  - Wallets: Ledger, MetaMask Institutional
Launch of ProShares Short Bitcoin ETF (BITI) on NYSE [21 Jun 22]
- only American fund offering its investors to trade Bitcoin in both directions