Stablecoins

What is EURC?

Euro Coin

EURC is a euro-denominated stablecoin issued by Circle, holding a 1:1 target against the euro with reserves held in euro-denominated assets. It is the euro counterpart to USDC and uses the same issuance and redemption model.

EURC exists because a dollar stablecoin is a currency conversion for anyone who does not price in dollars. A European merchant accepting USDC takes FX risk between receipt and conversion; accepting EURC removes that leg entirely.

Under the EU's MiCA regime, euro-denominated e-money tokens face specific issuance and reserve requirements, which is a large part of why euro stablecoins have developed differently from dollar ones.

Definitions are educational and general. Nothing here is financial, legal or tax advice, and regulatory descriptions summarise frameworks that change — check the current rules for your jurisdiction before relying on them.