Proposal Date
2025-10-27
Relevant Contracts
CollateralVault: 0x5d2725fdE4d7Aa3388DA4519ac0449Cc031d675f
Background
Currently, the stablecoins that Anvil supports as collateral are pegged to the US Dollar (USDC, USDT, USDS). While most crypto markets are based on USD pricing and support USD-based stablecoins, the last few years have seen growing adoption for EURO-based stablecoins. Since a major objective of the project is TradFi adoption, and since there are European financial companies that are integrating with the protocol, there arises the need to support the preferred collateral of their users.
While there exists a number of EURO-pegged stablecoins in the market, the majority of the market cap on Ethereum Mainnet belongs to EURC. In addition to its relative size by market cap and circulating supply, it is also EURO backed 1:1 and issued by Circle (which the protocol currently supports via USDC). It is proposed that EURC should be the first EURO stablecoin supported as collateral by the protocol.
Executed Changes
Calls CollateralVault.upsertCollateralTokens(...) to enable EURC (0x1aBaEA1f7C830bD89Acc67eC4af516284b1bC33c) as a collateral token.