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Circle launches EURC on Avalanche
The stablecoin issuer aims to launch its second major stablecoin across a multi-chain ecosystem.
2 min read
Updated: Nov. 18, 2025 at 11:27 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, EURC, has unveiled the launch of EURC on the Avalanche blockchain.
Circle anticipates the launch to be the first of many multi-chain launches for its reportedly fully-backed euro-denominated stablecoin. Like USDC, EURC is designed to hold its price stability by being fully backed by fiat euros and is redeemable on demand.
Circle has made public its most recent attestation report by Deloitte to verify the one-to-one backing of its euro reserves.
The integration of EURC into the Avalanche blockchain is expected to bolster euro liquidity and enhance transactional flexibility for users across the globe.
This development can facilitate transactions in euros using EURC, alongside the existing U.S. dollar transactions with USDC. The commonality in the smart contract designs for the Circle-issued stablecoins, USDC and EURC, offers a seamless integration process for Avalanche developers.
Reflecting on the initial introduction of EURC on Ethereum last year, Joao Reginatto, VP of Product at Circle, said: “Our objective was to democratize access to the euro, making it available to anyone with an internet connection, irrespective of geographical boundaries and time constraints.”
He continued:
“By launching EURC on Avalanche, a platform recognized for its speed and efficiency, we aim to offer developers and users the advantage of near-instantaneous, cost-effective financial transactions, opening up new avenues for payments, remittances, and round-the-clock foreign exchange.”
John Nahas, Vice President of Business Development at Ava Labs, echoed the sentiment, saying:
“The introduction of EURC to the Avalanche blockchain is a critical development, creating fresh opportunities for our developers and users alike… As DeFi evolves into a multi-currency, cross-border ecosystem, the delivery of a trustworthy, fully-reserved euro stablecoin such as EURC will undoubtedly expedite the adoption of instantaneous payments and remittances across a broader global audience.”
Nahas emphasized the continued growth and popularity of Circle's USDC and projected a similar response to the introduction of EURC on Avalanche.
As a result of this development, Circle Account holders can now leverage the increased EURC liquidity on Avalanche to trade or lend in crypto capital markets, manage custody, or execute and receive payments with EURC on Avalanche.
Posted In: Featured, Stablecoins
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Circle
Circle (Circle Internet Group, Inc.) is a U.S.-based financial technology company that issues fiat-backed stablecoins and provides open infrastructure for blockchain-based payments.
Ava Labs
Ava Labs is a blockchain technology company and the primary developer of the Avalanche platform, a high-performance, scalable, and secure smart contract platform designed to support decentralized applications (dApps), enterprise blockchain deployments, and interoperable Web3 ecosystems.
