EURC

EURC (EURC) is a euro-denominated stablecoin issued by Circle, the same company behind USD Coin (USDC). Each token is designed to hold a value of one euro and is backed by euro reserves held in regulated European banking accounts, letting holders move euro value across blockchains with the speed of crypto and the price stability of a national currency.

What is EURC?

EURC brings the euro on-chain. Where most stablecoins track the US dollar, EURC gives traders, businesses and DeFi users a way to hold and transfer euros without leaving the blockchain. Circle applies the same reserve philosophy it uses for USDC: every token in circulation is intended to be redeemable one-to-one for a euro, with the underlying cash held at banking partners rather than invested in volatile assets.

How does EURC work?

EURC is not mined or staked. It is a token minted and burned by Circle in response to deposits and redemptions. When a verified user deposits euros, an equivalent amount of EURC is issued; when tokens are redeemed, they are destroyed and the euros returned. Because it is a token rather than a base-layer coin, EURC inherits the consensus and settlement of whichever network it runs on. It is issued across several ecosystems, including Ethereum, Solana, Avalanche and Cronos, so its transaction speed and fees depend on the host chain.

EURC tokenomics and supply

EURC has no fixed maximum supply. The circulating amount expands and contracts with market demand, currently sitting near 393 million tokens, with total supply matching circulation because reserves fully back the outstanding tokens. This elastic model is normal for fiat-backed stablecoins: the goal is a stable price, not scarcity. Its all-time high near 1.35 and all-time low near 0.05 reflect thin early liquidity and market stress rather than any intended volatility.

What is EURC used for?

• Settling trades and payments in euros without converting to dollars
• Providing euro liquidity in DeFi lending and trading protocols
• Cross-border transfers that avoid slow traditional banking rails
• Hedging within a portfolio during crypto market swings

Where to buy EURC

EURC is listed on many centralized platforms and decentralized exchanges. To choose a venue, consult our best crypto exchanges ranking, and for holding the token yourself, review our best crypto wallets guide, since a stablecoin sitting on the wrong network or an unsupported wallet can be difficult to redeem.

Is EURC a good investment?

EURC is built to be stable, so it is a tool rather than a growth asset. Its main risks are not price swings but counterparty and regulatory risk: the value depends on Circle honoring redemptions and on its reserves being sound. As with any stablecoin, a de-peg is possible during extreme stress. This is general information, not financial advice.