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Circle EEA

Circle’s MiCA compliant stablecoins

Circle has achieved compliance with the Markets in Crypto-Assets regulation (“MiCA”), the EU’s landmark crypto law. Of the top ten stablecoins by market cap, only USDC is in compliance with the new EU rules, and while smaller in market cap, EURC is also MiCA compliant. USDC and EURC are uniquely positioned to provide solutions for the European Union’s 450 million residents.

Committed to setting the standard

Achieving MiCA compliance reaffirms Circle’s commitment to regulatory best practices and building a sustainable digital asset ecosystem that prioritizes trust and transparency. Circle continues to set a precedent for the stablecoin industry to follow.

EURC white paper

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USDC white paper

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View our sustainability methodology for details on how the sustainability indicators in our white papers above were calculated.

Fortifying trust with transparency

USDC and EURC are redeemable 1:1 to the US dollar and euro, respectively. Reserves are held and managed by leading financial institutions. Learn more about our approach to transparency.

Reserves composition

As of

December 11, 2025

USDC
EURC

Balances

In circulation

Total Reserves

Reserves
Other Bank Deposits1
Deposits at Systemically Important Institutions2
Overnight Reverse Treasury Repo3
<3-Month Treasuries3

Issuance & redemption

7 Day Change

Issued

Redeemed

 change in circulation

30 Day Change

Issued

Redeemed

 change in circulation

365 Day Change

Issued

Redeemed

 change in circulation

  • Deposits held as reserves for the benefit of USDC holders that are not held with Systemically Important Institutions ("SIIs", defined as globally or domestically significant financial institutions and national central banks).

  • Deposits at SIIs, held as reserves for the benefit of USDC holders.

  • Treasuries and overnight reverse repurchase agreements (Overnight Reverse Treasury Repo) held as reserves for the benefit of USDC holders may be held by the Issuer in custodial accounts, as part of a separately managed account, or within the Circle Reserve Fund, a 2a-7 money market fund managed by BlackRock. Further information on the Circle Reserve Fund (USDXX) and its holdings may be found on BlackRock’s website.

Balances

In circulation

Total Reserves1

Reserves
Other Bank Deposits1
Deposits at Systemically Important Institutions2

Issuance & redemption

7 Day Change

Issued

Redeemed

 change in circulation

30 Day Change

Issued

Redeemed

 change in circulation

365 Day Change

Issued

Redeemed

 change in circulation

  • Deposits held as reserves for the benefit of USDC holders that are not held with Systemically Important Institutions ("SIIs", defined as globally or domestically significant financial institutions and national central banks).

  • Deposits at SIIs, held as reserves for the benefit of USDC holders.

Powering innovation in the EU

Circle is a leading infrastructure provider for the digital economy. Builders 
across Europe can now leverage Circle’s platform to create the next wave of blockchain-powered innovations.

VISIT DEVELOPER HUB

Interoperable for a multi-chain world

EURC and USDC live on some of the world’s most powerful and innovative blockchains.

In the EU, EURC is available on:

In the EU, USDC is available on:

Redeem EURC & USDC

Circle stablecoins are widely available on global exchanges. Convert EURC and USDC to fiat quickly and easily through an exchange or redeem directly with us now.

REdeem nowSee our EEA Redemption Policy