In a world where speed, stability, and accessibility are key, EURC is setting a new standard. Issued by Circle under the same trusted full-reserve model as USDC, EURC is the euro-backed stablecoin designed for modern financial needs. Fully redeemable at a 1:1 ratio for euros, this digital currency ensures reliability by being backed 100% by euros held in euro-denominated banking accounts. With EURC, the seamless, near-instant foreign exchange and digital banking opportunities are unlocked, offering a stable and efficient alternative to traditional cross-border transactions. Discover how EURC is paving the way for the future of digital finance.
Built to a Higher Standard
EURC is issued by Circle under the same full-reserve model as USDC (USDC), a trusted dollar digital currency with more than $54 billion in circulation. Designed for stability, EURC is 100% backed by euros held in euro-denominated banking accounts so that it’s always redeemable 1:1 for euros.
Stability and Trust
The full-reserve model ensures that every EURC token is backed by an equivalent amount of euros held in reserve. This model is designed to provide users with confidence in the stability and reliability of the token. By maintaining a 1:1 ratio with the euro, EURC offers a stable value, making it an attractive option for businesses and individuals looking for a reliable euro-backed stablecoin.
A New Era for FX & Digital Banking
EURC is a euro-backed stablecoin that’s available 24/7 and moves at internet speed. Together, EURC and USDC unlock new possibilities for multi-currency digital banking and near-instant foreign exchange, where daily volume in traditional markets can top $6.6 trillion globally.
Speed and Efficiency
One of the key advantages of EURC is its ability to facilitate near-instant transactions. Traditional cross-border transactions can be slow and costly, often taking several days to complete. EURC, on the other hand, leverages blockchain technology to enable rapid and cost-effective transfers, making it an ideal solution for businesses and individuals who need to move money quickly and efficiently.
Multi-Currency Digital Banking
By combining EURC with USDC, users can enjoy the benefits of multi-currency digital banking. This opens up new opportunities for businesses to manage their finances more effectively, allowing them to hold and transact in multiple currencies with ease. The ability to switch between EURC and USDC seamlessly also provides users with greater flexibility and control over their financial operations.
Who It’s For
EURC will be available to anyone with an internet connection, enhancing access to the euro across borders and time zones.
Global Accessibility
One of the primary goals of EURC is to enhance access to the euro for users around the world. By leveraging blockchain technology, EURC can be accessed by anyone with an internet connection, regardless of their location. This makes it an ideal solution for individuals and businesses in regions where access to traditional banking services may be limited.
Use Cases
EURC can be used for a variety of purposes, including:
- Cross-Border Payments: EURC enables fast and cost-effective cross-border payments, making it an ideal solution for businesses and individuals who need to send money internationally.
- Digital Commerce: Businesses can use EURC to accept payments from customers around the world, providing a seamless and efficient payment solution.
- Remittances: EURC can be used to send remittances quickly and affordably, providing a valuable service for individuals who need to support family members in other countries.
- DeFi Applications: EURC can be integrated into various decentralized finance (DeFi) applications, providing users with access to a wide range of financial services.
Token Market Data
Coin Statistics
- Current Price: $1.1007
- Market Cap: $57,414,368.75
- 24h Price Change: -0.23%
- 7d Price Change: 1.42%
- 30d Price Change: 1.54%
- 24h High: $1.1163
- 24h Low: $1.0995
- All-Time High: $1.1250 (2023-07-18T01:58:00.000Z)
- All-Time Low: $0.9503 (2023-03-11T07:18:00.000Z)
- Circulating Supply: 52,160,277.74
- Total Supply: 52,160,277.74
Purpose and Utility of EURC
Solving Traditional Banking Inefficiencies
The EURC crypto token is a euro-backed stablecoin issued by Circle. Its purpose and utility are to provide a faster, safer, and more efficient way to send, spend, and exchange money around the world. The problem it aims to solve is the inefficiency, high cost, and slow speed of traditional cross-border transactions, particularly for those involving fiat currencies. By using blockchain technology and a stablecoin pegged to the euro, EURC aims to offer a more seamless and cost-effective solution for global money transfers and digital payments.
Functionality Within Its Ecosystem
The EURC crypto token is built on the Ethereum blockchain as an ERC-20 token, allowing it to be used with any ERC-20 compatible wallet, protocol, or other blockchain services, including throughout the Web3 and DeFi ecosystems.
EURC's purpose is to increase euro liquidity on-chain, enabling businesses and individuals in the European market to make and accept payments in their local currency from anywhere in the world. It also offers advantages such as price predictability compared to non-stablecoins, providing a shelter from market volatility for experienced crypto users.
Unique Features and Benefits
The EURC crypto token, also known as Euro Coin, is designed to provide stability, making it particularly attractive to those who are interested in dabbling in cryptocurrency but are deterred by their characteristic price fluctuations. It enables businesses and individuals in the European market to make and accept payments in their local currency from anywhere in the world, offering a more efficient, inclusive, and user-centric financial ecosystem.
Euro Coin is available to anyone with an internet connection, enhancing access to the euro across borders and time zones. It is available for various use cases, such as exchanges, institutional traders, businesses, and individuals, offering benefits like access to new digital asset trading pairs, near-instant stablecoin FX, faster cash flow, and the ability to pay for goods at participating merchants, transfer money quickly across borders, and use Euro Coin throughout the innovative Web3 ecosystem.
Tokenomics and Distribution Model
Total Supply and Circulation
The EURC crypto token, also known as Euro Coin, is a blockchain-based project with its tokenomics being an essential aspect of its design. Tokenomics refers to the supply and demand of the token within the project, including the correlation between in-game NFTs and the native token, overall token supply, various token mechanics, and the encouragement system.
In the case of EURC, the total token supply is $1.08, as of the time of the search results. However, the
