The information about EURC (EURC) is:

 

EURC is a euro-backed stablecoin issued by Circle, designed to maintain a 1:1 peg with the euro, and operates as an ERC-20 token on the Ethereum blockchain.

 

It is fully backed by euro reserves held in regulated financial institutions within the European Economic Area (EEA), ensuring each token can be redeemed for one euro.

 

The token aims to provide a stable digital representation of the euro, facilitating fast, efficient, and low-cost transactions in decentralized finance (DeFi) applications.

 

EURC leverages Ethereum’s smart contract functionality, allowing it to be integrated into various protocols for purposes like foreign exchange trading, borrowing, and lending.

 

Originally launched as "Euro Coin" with the symbol EUROC, it has been rebranded to EURC, though the token addresses remain unchanged, with the Ethereum contract address being 0x1aBaEA1f7C830BD89Acc67eC4af516284b1bC33c.

 

It complies with the Markets in Crypto-Assets (MiCA) regulation, reflecting Circle’s commitment to regulatory standards, with monthly attestations published to confirm reserve backing.

 

EURC is also available on other blockchains like Avalanche, Base, Solana, and Stellar, but its Ethereum version benefits from the network’s robust DeFi ecosystem and Proof of Stake consensus.

 

Developers and users can acquire EURC through Circle Mint or exchanges like Coinbase, and add it to wallets like MetaMask for use in Ethereum-based applications.

 

Posts on X highlight its role as a leading euro stablecoin, with integrations into platforms like Aerodrome and Raydium, expanding its utility across DeFi pools.

 

Unlike some stablecoins, EURC does not rely on interest-bearing assets like T-Bills for backing, instead using euro-denominated accounts to maintain stability and transparency.