Euro Coin (EURC) is a euro-pegged stablecoin issued by Circle Internet Financial — the same company behind USD Coin (USDC) — backed 1:1 by real euros held in segregated accounts at European regulated financial institutions, with monthly third-party attestations confirming reserve adequacy.
| Stat | Value |
|---|---|
| Ticker | EURC |
| Price | $1.18 |
| Market Cap | $419.92M |
| 24h Change | +0.1% |
| Circulating Supply | 355.96M EURC |
| All-Time High | $1.35 |
| Contract (Ethereum) | 0x1aba...c33c |
| Contract (World Chain) | 0x1c60...380b |
| Contract (Solana) | HzwqbK...DKtr |
| Contract (Base) | 0x60a3...db42 |
| Contract (Stellar) | EURC-G...NPP2 |
| Contract (Avalanche) | 0xc891...2acd |
How It Works
- Euro deposits — Institutions or individuals deposit euros through Circle’s regulated onboarding.
- 1:1 EURC minting — Smart contracts issue EURC tokens on supported blockchains equal to the deposited euro amount.
- Reserve attestations — Grant Thornton LLP provides monthly reports confirming EURC is fully backed by euros.
- Redemption — EURC holders redeem at face value (1:1 EUR) through Circle’s platform.
- Multi-chain — EURC is available on Ethereum, Solana, Avalanche, Base, and Stellar, with cross-chain bridging via Circle’s CCTP (Cross-Chain Transfer Protocol).
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | EURC |
| Peg | 1:1 EUR |
| Backing | Euros in segregated EU-regulated accounts |
| Issuer | Circle Internet Financial |
| Attestation | Monthly (Grant Thornton LLP) |
| Launch | June 29, 2022 |
| Chains | Ethereum, Solana, Avalanche, Base, Stellar |
Use Cases
- Euro-denominated DeFi — EURC enables DeFi participation for euro-native users without USD conversion.
- Cross-border euro settlements — Institutions use EURC for faster, cheaper EUR transfers internationally.
- FX trading on-chain — EURC/USDC trading pairs allow on-chain EUR/USD forex.
- Curve stable pools — EURC participates in Curve EUR pools alongside EURS and agEUR.
- MiCA compliance — Circle obtained an e-money institution license in France, positioning EURC as a MiCA-compliant stablecoin.
History
- 2022-06-29 — Circle launches EURC on Ethereum, initially branded as “Euro Coin” and abbreviated EURC.
- 2023 — EURC expands to Solana and Avalanche. Circle pushes EURC as its answer to growing EU stablecoin regulation under MiCA.
- 2024 — EU Markets in Crypto-Assets (MiCA) regulation takes effect. Circle holds an e-money institution license in France (Circle France SAS), allowing EURC to be issued as a compliant regulated euro stablecoin within the EU.
- 2024 — EURC joins Coinbase’s Base blockchain. CCTP enables seamless cross-chain EURC transfers.
- 2025 — EURC grows as one of the top two euro stablecoins by market cap, competing primarily with Tether’s EURt and Anchored Coin’s AEUR. MiCA compliance gives it an institutional advantage.
Common Misconceptions
“EURC is just a European USDC.”
EURC is a separate stablecoin pegged to EUR (not USD). It shares Circle’s infrastructure and compliance approach with USDC, but is independently backed by euros. EURC and USDC are distinct tokens.
“EURC is available everywhere USDC is.”
EURC is available on fewer chains than USDC. As of 2025, EURC was not yet on all USDC-supported networks.
Social Media Sentiment
EURC is viewed positively by DeFi users seeking a reliable regulated euro stablecoin. Financial institutions and European users appreciate its MiCA compliance. Volume remains small compared to USD stablecoins given the overall dominance of USD-denominated DeFi.
Last updated: 2026-04