Question 1

What is Euro Coin (EURC)?

Accepted Answer

The Euro Coin (EURC) is a stablecoin issued by Circle Internet Financial, a global internet finance company also responsible for USD Coin (USDC). The EURC is designed to maintain a 1:1 peg to the euro and is fully backed by euro reserves held in regulated financial institutions within the European Economic Area (EEA). It is accessible on multiple blockchain networks, including Avalanche, Base, Ethereum, Solana, and Stellar. The coin aims to provide stability and transparency, with monthly attestations confirming its reserves.

Question 2

What is Euro Coin (EURC) used for?

Accepted Answer

The EURC is used to facilitate fast, efficient, and low-cost cross-border payments denominated in euros. It is widely employed in decentralised finance (DeFi) applications for purposes such as foreign exchange (FX) trading, borrowing, and lending. By combining EURC with USDC, users gain access to 24/7 FX markets, enabling instant settlement of transactions with capital efficiency. Additionally, the EURC provides businesses with the ability to offer euro-denominated financial services globally and to store value in a stable currency.

Question 3

Who created Euro Coin (EURC)?

Accepted Answer

The Euro Coin (EURC) was created by Circle Internet Financial, the same company behind USD Coin (USDC). Circle is a prominent provider of internet-based financial services, focusing on blockchain-powered payments and infrastructure. The EURC was launched on 30 June 2022, following the same full-reserve model as USDC. This ensures that each EURC token is backed 1:1 by euros held in euro-denominated bank accounts, establishing a foundation of trust and stability for the coin.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	EURC-USDC EURCUSDC	bullish	AA	1.15USDC	-0.77%	11,022,238.81EURC	45,446	1.15USDC	1.16USDC
2	EURC-USDC EURC-USDC	coinbase	AA	1.15USDC	-0.71%	4,784,126.00EURC	12,185	1.15USDC	1.16USDC
3	EURC-USD EURCUSD	kraken	AA	1.15USD	-0.73%	1,120,070.64EURC	2,221	1.15USD	1.16USD
4	EURC-EUR EURCEUR	kraken	AA	1.00EUR	-0.01%	409,062.96EURC	472	1.00EUR	1.00EUR
5	EURC-USDC EURCUSDC	kraken	AA	1.15USDC	-0.58%	189,475.43EURC	150	1.15USDC	1.16USDC
6	EURC-EUR eurceur	bitstamp	AA	0.9900EUR	-0.97%	25,151.71EURC	287	0.9997EUR	1.00EUR
7	EURC-USDC eurcusdc	bitstamp	AA	1.14USDC	-0.85%	23,705.33EURC	161	1.15USDC	1.15USDC
8	EURC-USDC EURCUSDC	cexio	BB	1.15USDC	-0.23%	3,845.78EURC	6	1.15USDC	1.15USDC
9	EURC-USD EURC-USD	okex	A	1.14USD	-0.63%	856.33EURC	8	1.15USD	1.15USD
10	EURC-USD EURC_USD	cryptodotcom	AA	1.14USD	0.00%	0EURC	0	1.14USD	1.14USD
11	EURC-KRW KRW-EURC	upbit	B	1,573.00KRW	-0.19%	146,649.71EURC	438	1,576.00KRW	1,588.00KRW
12	EURC-BRL EURC-BRL	mercadobtc	C	5.97BRL	-1.75%	142,414.81EURC	21	6.08BRL	6.09BRL
13	EURC-KRW EURC_KRW	bithumbkorea	-	1,572.00KRW	-0.25%	90,990.05EURC	178	1,576.00KRW	1,581.00KRW
14	EURC-EUR EURCEUR	bit2me	B	1.00EUR	0.02%	67,771.28EURC	816	1.00EUR	1.00EUR
15	EURC-EUR EURC-EUR	bitvavo	B	1.00EUR	0.49%	19,331.70EURC	8	0.9951EUR	1.00EUR
16	EURC-USDC EURCUSDC	valr	D	1.15USDC	0.00%	0EURC	0	1.15USDC	1.15USDC
17	EURC-USDT eurocusdt	huobipro	C	1.15USDT	0.02%	3,464.42EURC	238	1.14USDT	1.15USDT
18	EURC-USDT EURCUSDT	coinex	C	1.16USDT	-1.23%	2,319.76EURC	1,492	1.17USDT	1.17USDT
19	EURC-USDT USDT-EURC	upbit	B	1.30USDT	0.00%	0EURC	0	1.30USDT	1.30USDT
20	EURC-USDC EURC-USDC	bitvavo	B	1.15USDC	-0.45%	1,499.50EURC	1	1.15USDC	1.15USDC