EURC (EURC): what you need to knowEURC (EURC): what you need to know

EURC is a stablecoin pegged 1-to-1 to the euro. Its value is kept stable by euro reserves that Circle holds at regulated financial institutions in the European Union. EURC is used for transfers, payments, DeFi applications and as the euro alternative on crypto exchanges, in a market that runs largely on dollar stablecoins.

Whitepaper: https://www.circle.com/legal/mica-eurc-whitepaper

For every EURC issued, Circle holds one euro in reserve. When a user wants to create EURC, they deposit euros with Circle, which then mints new EURC. On redemption, EURC is burned and the euros are paid back. Independent accountants publish monthly attestations on the composition of the reserves.

• Ticker: EURC

• Category: Stablecoin (fiat-backed)

• Blockchain: Multi-chain (Ethereum, Solana, Avalanche, Base, Stellar e.a.)

• Protocol: Fiat-backed reserve

• Year of launch: 2022 (originally as EUROC)

EURC is available on several blockchains through separate smart contract implementations: ERC-20 on Ethereum, SPL on Solana, and native deployments on Avalanche, Base and Stellar among others. Circle developed the Cross-Chain Transfer Protocol (CCTP), which moves EURC between supported blockchains efficiently and without an external bridge. When sending, always make sure you select the right network.

EURC is the euro alternative in a market that runs largely on dollar stablecoins. You will find the token as a trading pair on exchanges, as collateral or in liquidity pools within DeFi, and at payment services that send euros over the blockchain. Because Circle issues EURC under MiCA, it is one of the few euro stablecoins that remains tradable in the EU.

EURC comes from Circle, the American fintech company founded in 2013 by Jeremy Allaire and Sean Neville and also known for the dollar stablecoin USDC. In Europe, issuance runs through Circle Mint Europe SAS, an electronic money institution licensed by the French regulator ACPR. That places EURC under the e-money token regime of MiCA.

BTC Direct has been the European entry point to crypto since 2013. We make buying EURC straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is MiCA-licensed via the AFM and complies with EU regulations for crypto-asset service providers.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your EURC is on its way within minutes.

• Your coins, your control. We do not store your EURC. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first EURC?

Buy EURC now

Click here for more information about the impact on the environment by this specific coin.

More questions about EURC or BTC Direct? Visit our help center for more answers.

For more technical information about EURC, visit the official website.

EURC is pegged to the euro, but that peg is not a guarantee. The value can deviate and investments in crypto-assets can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

The BTC Direct disclaimer can be found here.