EURC is a stablecoin issued by Circle that is fully backed by euros and pegged 1:1 to this fiat currency, designed to provide stability in crypto and DeFi markets. It complies with the MiCA regulation and includes monthly reserve attestations.
Backing: Euro Coin (EURC) is backed by euro reserves held in regulated financial institutions, ensuring its 1:1 redeemability with the euro.
Issuer: Issued by Circle Internet Financial, the same company behind USDC, bringing trust and security to the ecosystem.
Price: It stays close to 1 EUR, with slight market fluctuations, while aiming to maintain a 1:1 value.
EURC is considered a stable euro-based alternative to dollar stablecoins (such as USDC) for European users and investors or those operating in euros, providing liquidity and transparency through certification reports.