# \[TEMP CHECK\] Onboard EURC to Aave V3 on Ethereum and Base **URL:** \ **Category:** New Asset\ **Created:** [October 26, 2024, 9:13am UTC](https://governance.aave.com/t/temp-check-onboard-eurc-to-aave-v3-on-ethereum-and-base/19602 "2024-10-26T09:13:17Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![rickydata](https://avatars.discourse-cdn.com/v4/letter/r/35a633/32.png) [@rickydata](https://governance.aave.com/u/rickydata)\ **Post date:** [October 26, 2024, 9:13am UTC](https://governance.aave.com/t/temp-check-onboard-eurc-to-aave-v3-on-ethereum-and-base/19602/1 "2024-10-26T09:13:17Z")
**Title: [TEMP CHECK] Onboard EURC to Aave V3 on Ethereum and Base** **Author:** @rickydata **Date:** 2024-10-26 ## Summary: This TEMP CHECK proposes to add EURC, or any other € based stablecoin. I would start with a broader question of whether there is any particular reason that 8 USD based stablecoins exist on Aave V3 Ethereum and 0 that track the Euro - are there any particular reasons for this (i.e. regulation)? Living in Europe and spending Euros, it would be nice to be able to diversify some of my savings between USD and EUR, and I’m surprised to find no options at all on Aave. As far as I can tell EURC has the same exact properties as the widely adopted and very transparent USDC: [EURC | A Euro-Backed Stablecoin](https://www.circle.com/eurc) ## Motivation: The demand for euro stable coins is growing across the market. The [Our Network post about stablecoins from October 25th](https://www.ournetwork.xyz/p/on-284-stablecoins) highlights: > Euro-pegged stablecoins are rising with Circle’s EURC supply up more than 40% in the last month. Base has been the primary network to benefit, with EURC’s value on the chain going from $22M to $48M. This coincides with Coinbase’s efforts to meet MiCA compliance, which it has highlighted as a differentiator against competitors. What are the plans for Aave’s lending markets to allow for activity on _any_ EUR based stablecoin? ## Specification: TBD after initial temp check ## Next Steps: TBD after initial temp check ---
**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\ **Post date:** [October 29, 2024, 10:30pm UTC](https://governance.aave.com/t/temp-check-onboard-eurc-to-aave-v3-on-ethereum-and-base/19602/2 "2024-10-29T22:30:17Z")
Closed on October 29, 2024, 10:30pm UTC ---
**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\ **Post date:** [October 29, 2024, 10:32pm UTC](https://governance.aave.com/t/temp-check-onboard-eurc-to-aave-v3-on-ethereum-and-base/19602/3 "2024-10-29T22:32:32Z")
Hello, Your proposal doesn’t follow the governance framwork for onboarding new assets, > [@\[ARFC\] Update the Asset Onboarding Framework](https://governance.aave.com/t/arfc-update-the-asset-onboarding-framework/15629): > > 2023-11-24 This proposal was edited for improved clarity 2024-06-17 Proposal updated to reflect latest [ARFC Addendum](https://governance.aave.com/t/arfc-addendum-update-asset-onboarding-framework/17899)Title: [ARFC] Update the Asset Onboarding Framework Author: Marc Zeller - ACI ( Aave Chan Initiative) Date: 2023-11-21 Summary This ARFC proposes an updated process for new asset listings direct to establish a streamlined governance process for adding new markets and streamline the listing of assets with existing Aave markets on new chains. Motivation New asset listings are… Closing the topic for now to allow edit. once the proposal will be compliant, we will re-open.