{"id":"eurc","title":"EURC","content":"**EURC** is a euro-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Circle](https://iq.wiki/wiki/circle) that maintains a 1:1 [peg](https://iq.wiki/wiki/currency-peg) with the euro through a full-reserve model, providing a digital representation of the euro on [blockchain](https://iq.wiki/wiki/blockchain) networks. [\\[1\\]](#cite-id-iVkYkVlOFt)\n\n![](https://ipfs.everipedia.org/ipfs/QmbNPSpggghtpqCWcRWQ1CdukmZ4cketeS8jbGJ53Rv9G1)\n\n## Overview\n\nEURC is a [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Circle](https://iq.wiki/wiki/circle) and pegged to the euro at 1:1. It follows a full-reserve model, with all tokens backed by euro-denominated assets held at regulated financial institutions within the European Economic Area. These reserves are regularly audited and publicly reported, with third-party verification provided by Grant Thornton LLP.\n\nThe token was first launched on [Ethereum](https://iq.wiki/wiki/ethereum) as an [ERC-20](https://iq.wiki/wiki/erc-20) token and has since expanded to [blockchains](https://iq.wiki/wiki/blockchain) including [Solana](https://iq.wiki/wiki/solana), [Avalanche](https://iq.wiki/wiki/avalanche), [Base](https://iq.wiki/wiki/base), [Stellar](https://iq.wiki/wiki/stellar), and [Polygon](https://iq.wiki/wiki/polygon). EURC complies with the Markets in Crypto-Assets Regulation (MiCA), ensuring regulatory alignment in the EU.\n\nEURC facilitates euro-denominated [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) in [crypto](https://iq.wiki/wiki/cryptocurrency) markets, serving as a stable pair for trading and a store of value during volatile conditions. It is active on [centralized](https://iq.wiki/wiki/cex-centralized-exchange) and [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) and supports [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) activities and peer-to-peer transfers without requiring access to traditional financial systems.  [\\[1\\]](#cite-id-iVkYkVlOFt) [\\[10\\]](#cite-id-9nArTZQf0v)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=U6Rv2no3hfM)$$\n\n### History\n\nEURC is a euro-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by [Circle](https://iq.wiki/wiki/circle), a financial technology company founded in 2013 by [Jeremy Allaire](https://iq.wiki/wiki/jeremy-allaire) and [Sean Neville](https://iq.wiki/wiki/sean-neville). [Circle](https://iq.wiki/wiki/circle) was among the first to receive a “BitLicense” from the New York Department of Financial Services in 2015, enabling it to operate regulated digital asset services in New York.\n\nInitially focused on peer-to-peer fiat payment solutions, [Circle](https://iq.wiki/wiki/circle) later offered [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) wallets and investment services, which were eventually discontinued. The company shifted its focus toward stablecoins, launching [USDC](https://iq.wiki/wiki/usdc) in 2018 on [Ethereum](https://iq.wiki/wiki/ethereum). [USDC](https://iq.wiki/wiki/usdc) expanded to several [blockchains](https://iq.wiki/wiki/blockchain), including [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), [Polygon](https://iq.wiki/wiki/polygon), [Avalanche](https://iq.wiki/wiki/avalanche), and [Solana](https://iq.wiki/wiki/solana).\n\n[Circle](https://iq.wiki/wiki/circle) introduced Euro Coin (EURC) on [Ethereum](https://iq.wiki/wiki/ethereum) in June 2022, marking its entry into euro-denominated [stablecoins](https://iq.wiki/wiki/stablecoin). By early 2023, [EURC](https://iq.wiki/wiki/eurc) had surpassed €25 million in market capitalization.  [\\[10\\]](#cite-id-9nArTZQf0v)\n\n## Features\n\n![](https://ipfs.everipedia.org/ipfs/QmbQBAsxJQVhZWrNkrx3sUM5AKmNfCaRS8DouZ83NRBbNn)\n\nEURC supports multi-chain transfers and conversions via [Circle](https://iq.wiki/wiki/circle) Mint, enabling interoperability [across](https://iq.wiki/wiki/across) supported networks. When paired with other [stablecoins](https://iq.wiki/wiki/stablecoin) like [USDC](https://iq.wiki/wiki/usdc), it is commonly used in [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) for euro-based trading, lending, borrowing, and real-time foreign exchange markets. Businesses can use EURC for euro-denominated financial services, fast cross-border payments, and storing value in euros. Its smart contract structure follows the same framework as USDC, simplifying integration for developers building applications on supported blockchains. [\\[2\\]](#cite-id-fYJ0dP9ml1) [\\[6\\]](#cite-id-5z3JViTuIx)","summary":"EURC is a euro-backed stablecoin issued by Circle, designed for stability and compliance with MiCA regulations, offering global accessibility across multiple blockchains.","images":[{"id":"QmNrwGD3uUcTa4R1M6zchoXugkEApuE267mL7SX8ShQUG1","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"Ethereum"},{"id":"Solana"}],"media":[{"id":"QmbNPSpggghtpqCWcRWQ1CdukmZ4cketeS8jbGJ53Rv9G1","name":"DpikrTZAlGPFXFRe.jpeg","caption":"","thumbnail":"QmbNPSpggghtpqCWcRWQ1CdukmZ4cketeS8jbGJ53Rv9G1","source":"IPFS_IMG"},{"id":"QmbQBAsxJQVhZWrNkrx3sUM5AKmNfCaRS8DouZ83NRBbNn","name":"RojuPdmKLO0OuwNP.avif","caption":"","thumbnail":"QmbQBAsxJQVhZWrNkrx3sUM5AKmNfCaRS8DouZ83NRBbNn","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=U6Rv2no3hfM","name":"U6Rv2no3hfM","caption":"","thumbnail":"https://www.youtube.com/watch?v=U6Rv2no3hfM","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"iVkYkVlOFt\",\"url\":\"https://www.circle.com/eurc\",\"description\":\"Circle's official EURC page\",\"timestamp\":1744654174243},{\"id\":\"fYJ0dP9ml1\",\"url\":\"https://fuze.finance/blog/eurc/#what\\\\_is\\\\_eurc\",\"description\":\"Fuze Finance blog\",\"timestamp\":1744654174243},{\"id\":\"aaw99EkpxR\",\"url\":\"https://www.circle.com/pressroom/circle-secures-conditional-dasp-registration-and-appoints-head-of-french-operations\",\"description\":\"Circle press release\",\"timestamp\":1744654174243},{\"id\":\"jzjAyVr7Lu\",\"url\":\"https://fuze.finance/blog/eurc/#advantages\\\\_of\\\\_eurc\\\\_in\\\\_digital\\\\_payments\",\"description\":\"Fuze Finance analysis\",\"timestamp\":1744654174243},{\"id\":\"OpaghGChTL\",\"url\":\"https://research.kaiko.com/insights/the-impact-of-a-rumour\",\"description\":\"Kaiko Research data\",\"timestamp\":1744654174243},{\"id\":\"5z3JViTuIx\",\"url\":\"https://developers.circle.com/stablecoins/docs/eurc-on-test-networks\",\"description\":\"Circle developer documentation\",\"timestamp\":1744654174243},{\"id\":\"rBjKS0pfjr\",\"url\":\"https://www.circle.com/transparency\",\"description\":\"Circle's transparency page\",\"timestamp\":1744654174243},{\"id\":\"QyQVJZUmQy\",\"url\":\"https://fuze.finance/blog/eurc/#challenges\\\\_and\\\\_considerations\",\"description\":\"Fuze Finance analysis\",\"timestamp\":1744654174243},{\"id\":\"UXVLca1APj\",\"url\":\"https://www.circle.com/blog/usd-coin-and-euro-coin-are-now-exclusively-usdc-and-eurc\",\"description\":\"Circle's rebranding announcement\",\"timestamp\":1744654174243},{\"id\":\"9nArTZQf0v\",\"description\":\"What is Euro Coin | Bitstamp\",\"timestamp\":1744654476396,\"url\":\"https://www.bitstamp.net/en-gb/learn/cryptocurrency-guide/what-is-euro-coin-euroc/\"}]"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/euro-coin/#About"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/eurc"},{"id":"website","value":"https://www.circle.com/eurc"},{"id":"twitter_profile","value":"https://twitter.com/circlepay"},{"id":"etherscan","value":"https://etherscan.io/token/0x1abaea1f7c830bd89acc67ec4af516284b1bc33c"},{"id":"solscan","value":"https://solscan.io/token/hzwqbkzw8hxmn6bf2yfznrht3c2ixxzpkcfu7ubedktr"},{"id":"contract_url","value":"https://platform.arkhamintelligence.com/explorer/token/euro-coin"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmconyRa7eGXAfXXbxWHndTKFRLW5bTArQTxktg7pSFXtM\""},{"id":"commit-message","value":"\"feat(EURC): Add launch event, founders, operator & blockchain tags to article.\""},{"id":"previous_cid","value":"QmconyRa7eGXAfXXbxWHndTKFRLW5bTArQTxktg7pSFXtM"}],"events":[{"id":"614f2f0d-6620-4746-a1ab-05e955afea13","date":"2022-06-01","title":"EURC Launch","type":"CREATED","description":"Circle introduced Euro Coin (EURC) on Ethereum."}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","avalanche","solana","stellar","base"],"founders":["jeremy-allaire","sean-neville"],"speakers":[]},"operator":{"id":"0xbc74F7Beea348c97350e4DBc49227A5Ee7d27D3e"}}