What is EURC?
EURC is a fully-reserved euro stablecoin: each token is backed 1:1 by euro reserves and designed to always be worth one euro. It's the euro counterpart to USDC — a way to hold and move euros on-chain, instantly and around the clock.
What EURC is
EURC is a euro stablecoin — a blockchain token engineered to stay worth one euro. It’s the euro sibling of USDC: same fully-reserved, redeemable-1:1 model, same issuer, just denominated in euros instead of dollars. For each token in circulation, an equivalent amount of euro reserves is held and independently attested.
Why a euro stablecoin matters
Most stablecoin volume is dollar-denominated, which is fine if you think in dollars. But a European business whose costs and invoices are in euros doesn’t want to convert EUR → USD → stablecoin → USD → EUR just to move money quickly. EURC removes that round-trip. You settle in euros, on-chain, with no FX leg you didn’t need.
That makes EURC useful for:
- Euro-to-euro cross-border settlement at on-chain speed.
- Paying euro-denominated suppliers and contractors without FX drag.
- Holding euro value on-chain as part of a multi-currency treasury.
How it works
Like other fiat-collateralised stablecoins, EURC is minted when euros enter the system and redeemed when they leave, moving wallet-to-wallet in between — clearing in minutes, 24/7. The euro reserve keeps the price anchored to the euro.
Regulation
Euro-referencing stablecoins sit squarely inside emerging EU stablecoin rules — frameworks like MiCA set reserve and authorisation standards for them. That regulatory direction is part of why a euro stablecoin built for compliance is attractive to businesses that need their settlement asset inside a clean perimeter.
When EURC beats a dollar stablecoin
The choice comes down to your currency of account. If your revenue, costs and counterparties are in euros, EURC keeps you in euros end to end and avoids two needless FX conversions. If your flows are ultimately dollar-denominated — or you’re paying into markets where dollar liquidity is deepest — a dollar stablecoin like USDC may still be the better settlement asset, even for a European business. Many treasuries hold both and route each payment in whichever currency removes the most FX, rather than forcing everything through one.
EURC with KwiikPay
KwiikPay settles in EURC alongside USDC and USDT — so a business can move euro value on-chain and pay out in local currency across 80+ countries, all on a compliant rail. KwiikPay operates as a registered VASP (Poland) and, in Canada, a Payment Service Provider under the RPAA (Bank of Canada-supervised) and a FINTRAC MSB. See stablecoin settlement and what a stablecoin is.
FAQs
What is EURC backed by?
EURC is designed to be fully reserved — each token backed 1:1 by euro-denominated reserves held so that holders can redeem 1 EURC for 1 euro. It comes from the same US-regulated issuer as USDC, with reserves attested independently.
How is EURC different from USDC?
They work the same way; the difference is the currency. USDC references the US dollar, EURC references the euro. A business that needs to settle in euros on-chain — without first converting to dollars — uses EURC.
Why use a euro stablecoin instead of USDC?
To avoid currency conversion. If your costs, invoices or counterparties are in euros, settling in EURC keeps you in euros end-to-end and removes the EUR↔USD FX leg you'd incur routing through a dollar stablecoin.
Is EURC regulated?
Euro stablecoins fall under emerging EU rules for stablecoins (such as MiCA), which set reserve and authorisation standards for euro-referencing tokens. As with any stablecoin, using it compliantly as a business still requires KYB, screening and Travel-Rule controls.