EURC is a fiat-backed euro stablecoin issued by Circle. It has about $541M in circulation, ranking #20 among the stablecoins CoinScoop tracks, and runs on 10 blockchains.
EURC price
€0.9999
On peg Circulating supply
$541M
30-day change
+8.5%
Price
€0.9999
Blockchains
10
Tracked since
Jun 2022
What is EURC?
EURC is a fiat-backed euro stablecoin issued by Circle. It has about $541M in circulation, ranking #20 among the stablecoins CoinScoop tracks, and runs on 10 blockchains.
EURC is Circle's euro stablecoin and is issued under its MiCA licence in the EU.
In the issuer's words: EUROC is issued by Circle under the same full-reserve model as USD Coin (USDC). Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it's always redeemable 1:1 for euros.
EURC supply history
$499M$238M
Oct 8, 2025Oct 8, 2026
$499M$0
Jun 30, 2022Oct 8, 2026
EURC supply grew 8.5% over the past 30 days, to $541M. It is at or near its all-time high.
Is EURC holding its peg?
Last price
€0.9999
Target
1.0000 EUR
Status
On pegEURC is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURC lives: supply by blockchain
Supply is concentrated: Ethereum holds 82% of all EURC. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURC is backed
EURC is backed by euro-denominated cash and cash equivalents.
Minting and redemption: An eligible business can exchange EUR for EUROC and redeem EUROC for EUR through a Circle Account.
Reserve reports and audits: centre.io
EURC risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURC vs USDT and USDC
Similar fiat-backed stablecoins
See all →
EURC in the news
Aave Arc proposes four-asset expansion as Aave Labs assesses WETH, cirBTC and EURC
Aave V4 proposes EURCV onboarding and Umbrella coverage
EURC FAQ
What is EURC?
EURC is a fiat-backed euro stablecoin issued by Circle. It has about $541M in circulation, ranking #20 among the stablecoins CoinScoop tracks, and runs on 10 blockchains.
Is EURC pegged 1:1 to the euro?
EURC targets 1 EUR. At the last update it traded at €0.9999, a deviation of -0.01%, which we classify as "on peg".
What backs EURC?
EURC is a fiat-backed stablecoin. Euro-denominated cash and cash equivalents.
Which blockchains is EURC on?
EURC is live on 10 blockchains. The largest by supply are Ethereum ($345M), Solana ($58.5M), Arc ($5.9M).
How much EURC is in circulation?
About $541M of EURC was in circulation at the last update, +8.5% over 30 days. That makes it the #20 stablecoin by supply among those we track.
Does EURC pay interest?
No. EURC does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by EURC.
Is EURC safe?
No stablecoin is risk-free. As a fiat-backed design, EURC's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.