EURC

EURC (Euro Coin) is a fully reserved, euro-pegged stablecoin issued by Circle, which is the same organization behind USDC. Designed to maintain a 1:1 parity with the euro, EURC brings the stability of Europe’s official currency to the Ethereum blockchain, enabling seamless euro transactions in the decentralized finance (DeFi) ecosystem. It allows businesses, developers, and institutions to integrate euro-denominated payments into blockchain applications and protocols, fostering a more globalized financial system.

Regulation and Transparency

EURC is issued by Circle and complies with European financial regulations. The reserves backing EURC are held in high-quality liquid assets, such as euro-denominated cash and equivalents, ensuring transparency. Circle provides regular attestations to verify that EURC reserves fully cover all outstanding tokens.

Stability

EURC allows users to interact with decentralized applications (dApps) using euros, reducing reliance on dollar-denominated stablecoins. This gives users and businesses more flexibility in conducting transactions in the eurozone and expanding the use cases for euro-denominated assets in the DeFi ecosystem.

Instant & Borderless Transactions

Built on the Ethereum blockchain, EURC enables instant cross-border transactions with the stability of the euro. It allows users to send, receive, and store euros in a digital format, eliminating the need for intermediaries like banks and reducing fees and settlement times in international transfers.