Euro Coin (EURC) is a euro-denominated stablecoin issued by Circle, the same company behind USD Coin (USDC). It is built on a multi-chain architecture, with availability across ecosystems including Ethereum, Solana, Avalanche, Optimism, Base, Stellar, and World Chain, and it is natively issued on Base. The token's primary function is to provide a digital representation of the euro on public blockchains, with each unit intended to be redeemable on a one-to-one basis for the underlying fiat currency. Reserves backing EURC are held in euro-denominated banking accounts, following the same reserve model used for USDC. This structure aims to keep the token's value closely tied to the euro. EURC falls within the category of regulated, fiat-collateralized stablecoins and is noted for its compliance with the European Union's MiCA regulatory framework. Its use cases include euro settlement for cross-border payments, trading and liquidity provision in decentralized finance, and serving as a euro-based reference asset for users and institutions operating across the supported blockchain networks.
France's second-largest bank enters a euro stablecoin market still dominated by Circle's EURC and SocGen's EURCV, just as 37 lenders line up their own Qivalis contender.
If confirmed, the order would freeze Binance out of the bloc's harmonized EU crypto regime on a single national node — the kind of political signal other MiCA supervisors now have to react to.
Europeans run 38% of global stablecoin volume against 0.3% euro supply — and Lagarde's camp just blocked the two levers (looser MiCA liquidity, ECB backstop access) that could have closed the gap.
MiCA's stablecoin reserve and authorisation rules took full effect at month-end, and non-compliant issuers face delisting from major EU venues — Circle's France licence is the green-channel path, not…
Lagarde told EU finance ministers that letting issuers tap ECB liquidity would pull deposits out of the banking system — a position that puts the ECB at odds with euro stablecoin backers warning of…
The 37-bank consortium must close a roughly 450-to-1 liquidity gap versus USDT and USDC by the time tokenized EU assets pick a settlement default — and that window closes the moment European bond and…
Euro Coin is a stablecoin issued by Circle under the same reserve model as USD Coin (USDC).
EURC (EURC) is categorised as: Stablecoins, EUR Stablecoin, Solana Ecosystem.
The official EURC site is https://www.circle.com.
Most recent EURC coverage: "Crédit Agricole launches EURXT euro stablecoin on Ethereum" — read at /en-US/a/credit-agricole-launches-eurxt-euro-stablecoin-on-ethereum.
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