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Circle EURC euro stablecoinUpdated 8 Nov 2026

Circle's euro stablecoin, launched on Ethereum in mid-2022 as Euro Coin (EUROC) and later renamed EURC. Since July 2024 it has been issued in the EEA as a MiCA e-money token by Circle's French e-money institution, with euro reserves held at regulated EEA institutions. Roughly 430-440 million euros were outstanding in October 2026, making it the largest euro stablecoin; most of it is on Ethereum, with smaller amounts on Solana, Base and several other chains.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 1 Jul 2024[5] — Open to the market across several chains under MiCA. · Reviewed 13d ago

Assets
Stablecoin[3]
Euro e-money token under MiCA backed by euro reserves at regulated EEA institutions
Networks
Ethereum Public, permissionless[7]
Solana Public, permissionless[7]
Base Public, permissionless[7]
Arc Public, permissioned[7]
Avalanche Public, permissionless[7]
Stellar Public, permissionless[7]
Tempo Public, permissioned[7]
Cronos Public, permissionless[3]
Plasma Public, permissionless[3]
World Chain Public, permissionless[2]
Use cases
Primary issuance[7]Cross-border payments[6]
Jurisdictions
European Union, France, United States

Participants

Operates under

Likely relevant regulation

Assets

Metrics

  • ~€441.39mTokens in circulation · as of 11 Oct 2026[7]
    On-chain via DefiLlama; sum of its per-chain balances.
  • ~€316.7mTokens in circulation · as of 11 Oct 2026 · on Ethereum[7]
    On-chain via DefiLlama.
  • ~€54.14mTokens in circulation · as of 11 Oct 2026 · on Solana[7]
    On-chain via DefiLlama.
  • ~€53.13mTokens in circulation · as of 11 Oct 2026 · on Base[7]
    On-chain via DefiLlama.
  • ~€433.9mTokens in circulation · as of 8 Oct 2026[3]
    Issuer-reported figure.
  • ~€464.02mSupply on chain (daily) · as of 7 Nov 2026[15]
    Automated daily reading of on-chain supply across all chains.
  • ~€246,466Supply on chain (daily) · as of 7 Nov 2026 · on Cronos[15]
    Automated daily reading.
  • ~€52.37mSupply on chain (daily) · as of 7 Nov 2026 · on Base[15]
    Automated daily reading.
  • ~€6.97mSupply on chain (daily) · as of 7 Nov 2026 · on Arc[15]
    Automated daily reading.
  • ~€327.48mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[15]
    Automated daily reading.
  • ~€4.08mSupply on chain (daily) · as of 7 Nov 2026 · on Stellar[15]
    Automated daily reading.
  • ~€3.26mSupply on chain (daily) · as of 7 Nov 2026 · on Avalanche[15]
    Automated daily reading.
  • ~€67.35mSupply on chain (daily) · as of 7 Nov 2026 · on Solana[15]
    Automated daily reading.
  • ~€1.83mSupply on chain (daily) · as of 7 Nov 2026 · on Tempo[15]
    Automated daily reading.

Timeline

  1. Happened 1 Jul 2024 · Regulatory approval · recorded 11 Oct 2026
    Circle's French e-money licence lets it issue EURC in the EU as a MiCA e-money token.[5]
  2. Happened Jun 2022 (month only) · Launch · recorded 11 Oct 2026
    Circle launches Euro Coin (EUROC) on Ethereum under the same full-reserve model as USDC.[4]

Sources

  1. [1]Interim MiCA register of e-money token white papers (EMTWP.csv) — ESMA. Accessed 14 Oct 2026.A
  2. [2]EURC contract addresses - Circle Docs — Circle. Accessed 14 Oct 2026. Mainnet list: Arc, Avalanche, Base, Cronos, Ethereum, Plasma, Solana, Stellar, World Chain..B
  3. [3]EURC — Circle. Accessed 11 Oct 2026.B
  4. [4]Circle to Launch Euro-Pegged Stablecoin — Finance Magnates, Jun 2022. Accessed 11 Oct 2026.C
  5. [5]Circle is First Global Stablecoin Issuer to Comply with MiCA, EU's Landmark Crypto Law — Circle, 1 Jul 2024. Accessed 11 Oct 2026.B
  6. [6]ClearBank announces plans to join Circle's payments network — ClearBank, 27 Oct 2025. Accessed 11 Oct 2026.B
  7. [7]EURC stablecoin data (API) — DefiLlama, 11 Oct 2026. Accessed 11 Oct 2026.A
  8. [8]Interim MiCA register - white papers for e-money tokens (EMTWP) — ESMA. Accessed 13 Oct 2026. Lists Circle Internet Financial Europe SAS (ACPR-supervised e-money institution) with the EURC white paper notified 1 July 2024..A
  9. [9]EURC Reserve Report and Independent Accountants' Report, September 2026 — Circle Internet Group (examined by Deloitte & Touche LLP), 26 Oct 2026. Accessed 28 Oct 2026. Linked from circle.com/transparency; the accountant is named on the letterhead and signature (image). Reserve €415.3m cash at 30 Sep 2026..A
  10. [10]EURC Exceeds €400 Million: The Leading Euro Stablecoin | Circle — Circle, 17 Aug 2026. Accessed 8 Nov 2026.B
  11. [11]Kraken & Circle Partner to Accelerate Global Access of USDC & EURC | Circle — Circle, 17 Sep 2025. Accessed 8 Nov 2026.B
  12. [12]ClearBank | EURC: Where it fits into your payments infrastructure — ClearBank, 5 Nov 2026. Accessed 8 Nov 2026.B
  13. [13]Pressroom | Latest Circle News — Circle, 4 Nov 2026. Accessed 8 Nov 2026.B
  14. [14]EURC: reserves, audits, networks and reviews | Revain — Revain, 2 Nov 2026. Accessed 8 Nov 2026.C
  15. [15]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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