EURC
Stablecoin Profile
EURC (EURC) is a fiat-backed stablecoin pegged to EUR, with $0 in circulating supply across 9 blockchain networks. Each EURC is backed by reserves held by the issuer, with parity attested via defillama. The peg has historically held within ±1% on most trading sessions, with reserve composition and attestation cadence the primary inputs to its credit-risk profile.
About EURC (EURC)
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.
An eligible business can exchange EUR for EUROC and redeem EUROC for EUR through a Circle Account.
Supply History
Peg stability history
EURC (EURC) is designed to trade at exactly 1.00 EUR, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $1.1535, a +15.352% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
How reserve-backed stablecoins defend their peg
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Practical implications for holders
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
EURC (EURC) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0x1abaea1f7c830bd89acc67ec4af516284b1bc33c | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare EURC to other fiat-backed stablecoins
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside EURC (EURC). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Tether (USDT) | $184.1B | fiat-backed | 107 |
| USD Coin (USDC) | $79.6B | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | $4.5B | fiat-backed | 8 |
| PayPal USD (PYUSD) | $4.1B | fiat-backed | 7 |
| BlackRock USD (BUIDL) | $2.5B | fiat-backed | 8 |
Peg Stability
Chain Distribution
Resources & data sources
EURC (EURC) is tracked across major crypto data providers. The links below open EURC (EURC)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent EURC news
Latest reporting from major crypto news outlets covering EURC.
- Crypto news
EURC scam: Dutch police arrest 2 over fake Rolex deals
Dutch police arrested two men accused of using fake EURC tokens to buy Rolex watches from Marktplaats sellers in an ongoing fraud probe.
- UToday
Fake EURC Used to Buy Rolex Watches in Bizarre Crypto Scam
Dutch police have arrested two men accused of using counterfeit EURC tokens to buy real Rolex watches in an unusual cryptocurrency fraud scheme.
- Bitcoinist
Aave V4 Goes Live On Arc With USDC, EURC, cirBTC And WETH
Read the latest update on Aave V4 Goes Live On Arc With USDC, EURC, cirBTC And WETH.
- Crypto Briefing
Circle deploys $649M USDC and $7M EURC on Arc blockchain
Circle's strategic pivot to its own blockchain could reshape stablecoin ecosystems, enhancing transaction efficiency and financial integration. Circle deploys $649M USDC and $7M…
- Crypto Briefing
Circle's EURC goes live on Upbit, giving South Korean traders direct access to euros
The EURC listing on Upbit enhances euro accessibility in South Korea, potentially diversifying stablecoin markets and reducing reliance on USD. Circle's EURC goes live on Upbit,…
- Coincu
Circle's EURC Now on Upbit in KRW and BTC Markets
Circle's EURC is now available on Upbit in KRW and BTC markets. Explore the listing, its trading pairs and the details to verify before trading.
- TheNewsCrypto
Nu Global Taps USDC and EURC to Power Cross-Border Payments
Nu Global will add USDC and EURC to its multi-currency digital account. The integration could strengthen stablecoins' role in cross-border payments.
- Crypto Economy
Nu Expands Global Account With USDC and EURC for Fee-Free Transfers
Neobanking giant Nu Holdings Ltd. announced the launch of Nu Global. It is a multi-currency digital account that directly integrates Circle's USDC and EURC stablecoins.
Related stablecoins
Stablecoins comparable to EURC by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other fiat-backed stablecoins
Stablecoins pegged to EUR
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.