Pendulum XCM Disclosures

TL:DR

This proposal if accepted registers xcEURC.s as a foreign asset on the Moonbeam Network.

Summary

This proposal requests the registration of EURC.s asset as xcEURC.s, with the following details:

Multilocation: { parents: 1, interior: { X5: [ { Parachain: 2094 }, { PalletInstance: 53 }, { GeneralIndex: 2 }, { GeneralKey: { length: 4, data: 0x4555524300000000000000000000000000000000000000000000000000000000 } }, { GeneralKey: { length: 32, data: 0xcf4f5a26e2090bb3adcf02c7a9d73dbfe6659cc690461475b86437fa49c71136 } } ] }} Decimals: 12 Name: Circle EURC (Stellar) Symbol: xcEURC.s

xcEURC.s is the bridged Circle's EURC token bridged to Pendulum, and will have the following asset ID and XC-20 address:

Asset ID: 220698173844663170714431919474506717455 XC-20 address: 0xffffffffa608ec1332131289cbd8a97a0bb3d90f

Use Cases:

Bringing the most trusted regulated and MiCA compliant EUR token to Moonbeam community, would enable various use cases like:
Option for the community to hold a euro stablecoin. Currency trading and risk hedging — between USDC and EURC. Lending and borrowing on dApps. On-Chain Proposal Reference

On-Chain Proposal #94 with the associated hash: 0x8d825a0ce5f79f2bf5dae44a85208453ea92b9ef6b9f2faf4730b569c24bdbfc

Technical details:

This proposal only registers Circle's EURC (Stellar) token as xcEURC.s, as HRMP channels with Pendulum are already established.

The asset will be registered with the metadata described in the summary. The setAssetUnitsPerSecond was calculated using the value for EURC value on [DATE OF PROPOSAL], targeting a XCM transaction cost of 0.02$.

0x690000010500b92004350508060445555243000000000000000000000000000000000000000000000000000000000620cf4f5a26e2090bb3adcf02c7a9d73dbfe6659cc690461475b86437fa49c711364c5374656c6c617220436972636c652045555243187863455552430c000100000000000000000000000000000001