EURC is a euro-denominated stablecoin issued by Circle, the company behind USDC. It launched in 2022 as Euro Coin (EUROC) and was renamed EURC in 2024.
Each EURC is designed to be redeemable 1:1 for the euro. Its purpose is to let people move euro value digitally on public blockchains.
EURC follows the same reserve model as USDC and is 100% backed by euros held in euro-denominated bank accounts. Approved users can mint EURC or redeem it for euros through Circle.
On July 1, 2024, the French regulator ACPR granted Circle Mint Europe an electronic money institution (EMI) license. As a result, EURC is issued as an e-money token that complies with the EU's MiCA rules.
Data provided by CoinGecko
EURC has no fixed maximum supply, so the amount in circulation rises and falls as tokens are minted and redeemed. In 2026 its circulating supply was in the hundreds of millions of euros, which places it among the largest euro stablecoins.
It is issued natively on several blockchains, including Ethereum, Solana, Avalanche, Base and Stellar. People use it for transfers, payments, DeFi and foreign exchange.
EURC's strengths include a regulated issuer, transparent reserve reporting and support across many chains. Because it meets MiCA standards, exchanges and institutions in the EU can work with it more easily.
However, it depends on its issuer and partner banks, so it carries counterparty and regulatory risks, and its peg could wobble for a time under market stress. Its market size and liquidity are also smaller than those of US dollar stablecoins.
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