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Euro Coin
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A euro stablecoin backed by full reserves

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Built to a higher standard

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

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

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A new era for FX & digital finance

Euro Coin is a euro-backed stablecoin that’s available 24/7 and moves at internet speed. Together, Euro Coin 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

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

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Developers

Easily integrate Euro Coin 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 Euro Coin and offer access to new digital asset trading pairs and near-instant stablecoin FX.

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Institutional traders

Make markets with Euro Coin and take advantage of arbitrage opportunities across digital asset exchanges and the crypto ecosystem.

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Businesses

Accept Euro Coin 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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Ecosystem

Use Euro Coin to pay for goods and services at participating merchants, transfer money quickly across borders, and access 24/7 borrowing & lending.

Multi-chain

Multiple chains. Global access.

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

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Ethereum EUROC
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, Bittrex Global, Bitso, Bitstamp, Bitvavo, CEX.io, Coinbase, HitBTC, Huobi, Mercado Bitcoin, Mt Pelerin

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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Avalanche EUROC
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.

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

Wallets: Coinbase Wallet, Core, MetaMask

Stability you can trust

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

Attestation reports

2023

2022

Reserves composition

As of May 25, 2023

Balances

In Circulation

Reserves1

 
EUROC 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 EUROC reserve, please see our detailed monthly attestations.
1 EUROC is backed by the equivalent value of euro denominated assets held as reserves for the benefit of EUROC holders. Cash is held at US financial institutions.

Access Euro Coin straight from the source

  1. Submit your business information and open a free Circle Account.
  2. Contact your account manager to access Euro Coin liquidity.
  3. Send Euro Coin on-chain to an exchange or digital wallet.
Open a free Circle Account
 

Stay updated on the future of Euro Coin

Complete the form to hear about what’s next for Euro Coin. We’ll keep you updated via email on key milestones, including new blockchain launches, additional supporting exchanges, and more.

FAQ

Businesses can open a Circle Account and contact their account manager to access Euro Coin liquidity for Ethereum and Avalanche.

Ethereum EUROC is also accessible via exchanges, which enable businesses and users to convert euros to Euro Coin, trade for Euro Coin, and withdraw Euro Coin to digital wallets.

Avalanche EUROC is expected to be accessible via exchanges as liquidity builds within the ecosystem.

Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros. Circle aims to bring Euro Coin to many of the world’s leading blockchains for broad ecosystem support and interoperability. Existing blockchain ecosystem partners who have built and integrated with Circle and USDC should find it easy to adopt and use Euro Coin.

Yes. As an ERC-20 standard token for Ethereum and Avalanche, Euro Coin works broadly with EVM-compatible wallets, custodians, apps, and protocols.

We expect to launch Euro Coin on additional blockchains beyond Ethereum and Avalanche. The future is multi-chain.

Circle is the issuer of Euro Coin.

Yes. Always. Learn more on our Transparency page.

Euro Coin is backed by the equivalent value of euro denominated assets held as reserves for the benefit of Euro Coin holders. Cash is held at US financial institutions. Learn more on our Transparency page.

Yes, third party attestations of the Euro Coin reserve are published monthly. See more on our Transparency page. Each month’s report comes at the end of the following month (e.g. June’s report is published at the end-of-July).

Circle assumes the interest rate risk on Euro Coin reserves.

Yes, Euro Coin can be quickly and easily swapped to Euro Coin on any other supported blockchain with the Circle Account and Circle APIs.
  1. Investopedia, Forex Market: Who Trades Currencies and Why, Accessed May 10, 2023