EURC EURC

1. Summary

Ranks

Liquidity

92

Developer

-

Social

90

Momentum (beta)

81

Stack Rank™

-

Price

$1.09 +0.1%

Market Cap

$37.58M (#689)

Supply

51.94M / 51.94M

Tags

Solana Ecosystem Avalanche Ecosystem EUR Stablecoin Ethereum Ecosystem

More Metrics

Price
52W High price	$1.12
52W High date	16th Jul 2023 (1 year ago)
All Time High (ATH) Date	14th Mar 2023 (1 year ago)
ATH Price	$1.35
% From ATH	-19.9%
All Time Low (ATL) Date	9th Dec 2022 (1 year ago)
ATL Price	$0.05
% From ATL	1949.08%

Supply & Trading Volume
Trading Volume (24h)	$3.80M
Total Supply	51.94M
Circulating Supply	51.94M

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Description

EURC

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EURC

EURC, formerly known as Euro Coin, is a fiat-backed stablecoin pegged to the value of the euro. It is issued by Circle, the same company behind the popular US dollar stablecoin, USDC. EURC is designed to be stable and 100% backed by euros held in euro-denominated banking accounts. Each EURC token is redeemable 1:1 for the euro currency.

How it Works

EURC is a cash-collateralized stablecoin, meaning that Circle maintains an equivalent value of real-world assets as the total EURC tokens issued. These assets are held in the custody of leading financial institutions and are reviewed monthly by Grant Thornton LLP to provide assurance that EURC remains fully backed by euros or euro-denominated assets.

Availability

EURC is hosted on the Ethereum blockchain as an ERC-20 token and can be traded on centralized and decentralized exchanges. It can be found on exchanges like Bitstamp and decentralized platforms such as Curve and Uniswap.

Use Cases

EURC provides a stable asset for traders and investors during periods of high market volatility. It allows for seamless peer-to-peer transfers and decentralized finance (DeFi) access without the need for fiat currency.

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