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, Ethereum, Solana, and Stellar. 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 enables near-instant, low cost payments worldwide. 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. Send remittances globally to suppliers, vendors, and employees with funds that can settle in seconds.

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Developers

Easily integrate EURC into apps that run on Avalanche, Ethereum, Solana, and Stellar. As a multi-chain stablecoin, you can build on the network that best suits your 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 Avalanche, Ethereum, Solana, and Stellar. 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.

avalanche-icon
EURC on Avalanche
Token Standard ERC-20
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

eth-icon
EURC on Ethereum
Token Standard ERC-20
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, BitpandaBitso, Bitstamp, BitvavoCoinbaseHuobi, Mercado Bitcoin, Mt PelerinSafello

Apps: Curve, DFX, Uniswap

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

Payments: BitPay, B2BinPay

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

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EURC on Solana
Token Standard SPL

Solana is a blockchain network that supports experiences for power users, new consumers, and everyone in between. Built for speed and high throughput, Solana delivers 400 ms settlement times and the ability to handle 1,000s of transactions per second.

Apps: Cube Exchange, Jupiter Exchange, Kamino, Meteora, Orca, Phoenix, Raydium, Solend

Wallets: Coinbase Wallet, Decaf, Glow, Ottr, Phantom, Solflare, TipLink

stellar-icon
EURC on Stellar
Token Standard Stellar Asset
Token Standard Stellar Asset

The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption.

Exchanges: Ripio

Wallets: Ripio, Lobstr

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

Reserves composition

As of February 22, 2024

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 Circle Mint.
  2. Deposit euro via wire transfer to receive EURC.
  3. Send EURC on-chain to an exchange or digital wallet.
Apply now

FAQ

EURC (pronounced E-U-R-C) is now the official name and symbol for Circle's euro-backed stablecoin. The name “Euro Coin” and symbol “EUROC” were used in the past and are being phased out. You may continue to see the old name and symbol displayed on apps, wallets, and block explorers for a period of time as these apps and services adjust their UIs to reflect the new name and symbol.

Note: The existing token addresses remain the same; we will not be introducing a separate token. In the coming months, we will update the name and symbol on the existing token addresses to EURC, which will make it easier for apps, wallets, and block explorers to implement this naming change.

For more information, please see our blog post.

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

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

EURC provides a number of benefits over other euro stablecoins, including:

  • EURC is 100% backed by euro so that it’s always redeemable 1:1 for euro. EURC reserves are bankruptcy remote and monthly attestation reports are conducted by Deloitte.
  • EURC is supported by Circle Mint, an institutional 1:1 on/off-ramp service offered directly from Circle at no additional cost.
  • Businesses and developers who choose EURC benefit from the trust, transparency, and security of Circle – widely known as the issuer of USDC with over $24B in circulation as of December 2023.
  • Many of the largest digital asset exchanges and apps support EURC on a variety of blockchain networks, including Bitstamp, Coinbase, Ripio, Uniswap, and Jupiter Exchange.
  • Circle expects to make EURC the most interoperable euro stablecoin with future support for Cross-Chain Transfer Protocol (CCTP), enabling EURC to be moved securely and transacted natively across blockchain networks.

When MiCA regulation enters into application in June 2024, businesses are expected to adhere to MiCA requirements. Circle has applied for the necessary licenses to become an E-Money Institution in France and make EURC a MiCA-compliant e-money token (EMT) ahead of MiCA entering into application.

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 Mint and its APIs.

Circle Mint and its 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 December 3, 2023.