EURC | A Euro-Backed Stablecoin
EURC

A euro stablecoin backed by full reserves

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Built to a higher standard

EURC is a euro-backed stablecoin that’s accessible globally on Avalanche and Ethereum. Similar to USDC, EURC is issued by Circle under a full-reserve model.

Designed for stability, EURC is 100% backed by euro held in euro-denominated bank accounts so that it’s always redeemable 1:1 for euro.

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A new era for FX & digital finance

EURC is a euro-backed stablecoin that’s available 24/7 and moves at internet speed. Together, EURC and USDC unlock new possibilities for multi-currency digital finance and near-instant foreign exchange, where daily volume in traditional markets can top $6.6 trillion globally.1

Who it’s for

EURC is available to anyone with an internet connection, enhancing access to the euro across borders and time zones.

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Businesses

Accept EURC payments to expand your customer base and get faster cash flow. Make payments globally to suppliers, vendors and employees with funds that can settle in minutes.

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Developers

Easily integrate EURC into apps on both Ethereum and Avalanche. As a multi-chain stablecoin, developers can build on the network that best suits their needs.

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Exchanges

Enable customers to convert local fiat currency to and from EURC, and offer access to 24/7 near-instant FX alongside USDC.

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Institutional traders

Make markets with EURC across exchanges and provide liquidity to borrowing and lending services throughout the multi-chain ecosystem.

Multi-chain

Multiple chains. Global access.

EURC is natively available on Ethereum and Avalanche. As an always-on stablecoin, EURC can be sent, spent, and traded around the globe 24/7, with low cost transactions that can settle in seconds.

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Avalanche EURC
Token Standard ERC-20
Mainnet Address
Testnet Address
Token Standard ERC-20

Avalanche is an open, programmable smart contracts platform for decentralized applications. With EVM-compatibility, developers can readily deploy their Ethereum apps on Avalanche and benefit from near-instant settlement times and lower costs.

Apps: BENQI, Cables, Curve, Dexalot, GMX, NFT-TiX, Pangolin, Platypus, Trader Joe

Wallets: Coinbase Wallet, Core, MetaMask

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Ethereum EURC
Token Standard ERC-20
Mainnet Address
Testnet Address
Token Standard ERC-20

Ethereum is open access to digital money and data-friendly services. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

Exchanges: BitMart, Bitpanda, Bitso, Bitstamp, Bitvavo, Coinbase, Huobi, Mercado Bitcoin, Mt Pelerin, Safello

Apps: Curve, DFX, Uniswap

Custodians: Anchorage Digital, BitGo, Finoa, Fireblocks, Hex Trust

Payments: BitPay, B2BinPay

Wallets: Bridge Wallet, Coinbase Wallet, Core, Ledger, MetaMask

Stability you can trust

As a fully reserved stablecoin, EURC is 100% backed by euro, so that it’s always redeemable 1:1. EURC reserves are bankruptcy remote, which means they are held separately from Circle’s operating funds. Every month, attestations provide assurance that the value of EURC reserves are greater than the amount in circulation.

Attestation reports

2023

2022

Reserves composition

As of September 21, 2023

Balances

In Circulation

Reserves1

 
EURC in Circulation
 
Cash at Reserve Banks

Issuance and 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
For further details on the EURC reserve, please see our detailed monthly attestations.
1 EURC is backed by the equivalent value of euro denominated assets held as reserves for the benefit of EURC holders. Cash is held at US financial institutions.

Access EURC straight from the source

  1. Submit your business information to apply for a Circle Account.
  2. Deposit euro via wire transfer to receive EURC.
  3. Send EURC on-chain to an exchange or digital wallet.
Open an account

FAQ

Businesses can apply for a Circle Account to access on/off-ramps for EURC via wire transfer.

EURC is also accessible from digital asset exchanges and apps within the Avalanche and Ethereum ecosystems.

EURC is 100% backed by euro held in euro-denominated bank accounts so that it’s always redeemable 1:1 for euro.

Circle aims to bring EURC to many of the world’s leading blockchains for broad ecosystem support and interoperability. Developers who have integrated USDC into their apps should find it easy to add support for EURC.

Yes. Always. Learn more on our Transparency page.

Circle assumes the interest rate risk on EURC reserves.

Yes, EURC on a supported blockchain can be quickly and easily swapped to EURC on any other supported blockchain with Circle Account and Circle APIs.

Circle Account and Circle APIs make it easy for wallets, exchanges, custodians and more to rebalance their holdings of EURC across supported chains at no additional cost.
  1. Investopedia, Forex Market: Who Trades Currencies and Why, Accessed September 18, 2023.