- Upbit lists Circle's EURC stablecoin across KRW, BTC, and USDT markets simultaneously
- Trading opens August 28, 2026 at 14:00 KST (estimated) — deposits opened within ~2 hours of announcement
- EURC is a MiCA-compliant, euro-pegged stablecoin on Ethereum issued by Circle
- Buy-order restrictions apply for ~5 minutes post-launch; order-type limits active for ~2 hours
- Market snapshot at announcement showed EURC at 0.0003073 with +0.57% 24-hour change
Upbit Announces EURC Listing Across Three Markets
South Korean crypto exchange Upbit announced on August 28, 2026 that it will support trading for EURC, the euro-pegged stablecoin issued by Circle. The announcement, made via Upbit’s official Twitter account @Official_Upbit, confirms that the asset will be available across multiple trading pairs simultaneously, marking a notable expansion of euro-denominated liquidity on the platform.
Technical Details: Asset, Markets, and Timing
EURC is a fully-backed, euro-pegged stablecoin built on Ethereum and issued by Circle under a MiCA-compliant regulatory framework. On Upbit, it will trade across three distinct markets: EURC/KRW, EURC/BTC, and EURC/USDT. Trading is scheduled to commence at 14:00 KST on August 28, 2026, though Upbit noted this timing is estimated. Per the listing notice, deposits and withdrawals were set to open within approximately 2 hours of the official announcement. The exchange also confirmed it would apply standard early-trading safeguards, including restricted buy-order types for roughly 5 minutes post-launch and order-type limitations for up to 2 hours after trading begins.
What This Means for Traders
The addition of a KRW/EURC pair is the most distinctive element of this listing for Korean retail participants, as it enables direct conversion between the Korean won and a euro-backed digital asset without routing through USD stablecoins. The BTC/EURC pair, meanwhile, offers traders EUR-denominated Bitcoin exposure — an alternative to the dominant USDT-based BTC markets. Because EURC is designed to hold a €1.00 peg, significant price volatility is not anticipated; the primary trading interest is likely to center on arbitrage between the EURC/KRW rate and prevailing EUR spot rates, a dynamic sometimes referred to as the kimchi premium or discount in the Korean market context. A market snapshot at the time of the announcement showed EURC trading at approximately 0.0003073 with a +0.57% 24-hour change, indicating a muted initial reaction in broader markets.
Broader Context: Upbit’s Stablecoin Strategy
This listing reflects Upbit’s continued effort to diversify the stablecoin options available to its user base beyond USD-pegged instruments. By introducing a MiCA-compliant, euro-backed asset, Upbit positions itself to serve traders seeking exposure to European monetary conditions or those looking to reduce USD stablecoin concentration risk. The three-market structure — KRW, BTC, and USDT — is consistent with how Upbit approaches major new asset listings, maximizing liquidity access across its existing trading ecosystem.
Additional Details and Next Steps
Traders interested in participating from the outset should note that the deposit window was expected to open ahead of the 14:00 KST trading start, with a typical pre-listing window of 24–48 hours — though in this case, deposits were flagged to begin within 2 hours of the announcement given its proximity to the trading launch. The full listing notice, including the Ethereum contract address and applicable trading restrictions, is available via Upbit’s official disclosure. No direct statement from Circle was included in the announcement.
Frequently Asked Questions
What is EURC and who issues it?
EURC is a euro-pegged stablecoin issued by Circle, built on Ethereum and designed to maintain a 1:1 peg to the euro. It is MiCA-compliant, meaning it meets European Union regulatory standards for digital assets.
Which trading pairs will EURC be available in on Upbit?
EURC will be tradable in three markets on Upbit: EURC/KRW (Korean Won), EURC/BTC (Bitcoin), and EURC/USDT (Tether).
When does EURC trading start on Upbit?
Trading is scheduled to open at 14:00 KST on August 28, 2026, though Upbit noted this is an estimated time. Early trading restrictions — including buy-order limits — will be in effect for the first few hours after launch.
Source: Twitter Official Upbit · Published by CoinsProbe Markets Desk
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
