Euro Coin

EURC is 1:1 to the euro, and it is frequently used by individuals or businesses with ties in Europe.

Here are the most common use cases of EURC:

• Cross-border payments: Enables fast and low-cost international transactions denominated in euro.
• DeFi: Users can interact with DeFi protocols by supplying EURC as liquidity or borrowing against it.
• Stable store of value: EURC offers a digital way to hold euros on-chain, providing a stable asset amidst crypto volatility.
• Remittances: Individuals and companies can send euro-denominated funds to recipients worldwide.

EURC is 1:1 to the euro, and it is frequently used by individuals or businesses with ties in Europe.

Here are the most common use cases of EURC:

• Cross-border payments: Enables fast and low-cost international transactions denominated in euro.
• DeFi: Users can interact with DeFi protocols by supplying EURC as liquidity or borrowing against it.
• Stable store of value: EURC offers a digital way to hold euros on-chain, providing a stable asset amidst crypto volatility.
• Remittances: Individuals and companies can send euro-denominated funds to recipients worldwide.

EURC was first launched on Ethereum, and it has since expanded to all these blockchains:

• Ethereum
• Avalanche
• Base
• Solana
• Stellar

EURC 100% backed by real world assets and directly redeemable for euros.

You can find more detailed information on Circle’s official website.

Individuals and businesses can a qualified exchange to redeem euros, or utilize Circle Mint to convert euro to and from EURC.

EURC was launched on June 30, 2022, by Circle.