Stablecoin profileLIVE

Circle EURC stablecoin

In short: EURC is a EUR-pegged stablecoin issued by Circle. Token authorisation on record: EU (MiCA EMT). Below: live peg deviation, peg history, issuer, licences and FAQ.

Issuer profile → Circle

Live peg LIVE
€1.1021Peg target: €1.1054 (EUR)Watch

Deviation: -30.4 bps (-0.30%) · Market cap: $522.1M

Sources: CoinGecko, DefiLlama · CoinGecko ↗ · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

Token legal status

EURCRegulator-confirmed token authorisation
(1) Entity licence / registration
Circle Internet Financial Europe SAS
ACPR · Electronic money institution
Authorised · 01/07/2024 · Specific record (ESMA register row) esma.europa.eu ↗
(2) Authorisation to issue this token
EU (MiCA EMT)
ESMA EMT register row; white paper circle.com/fr/legal/mica-eurc-whitepaper
Specific record (ESMA register row) esma.europa.eu ↗
Related records
Circle EEA terms (per company): ACPR electronic money institution, register no. 17788; AMF CASP E2026-005 (24 Apr 2026) source ↗
Token legal status last checked: 1 Nov 2026

Issuer & legal entity

IssuerCircle
Legal entityCircle Internet Financial Europe SAS
HeadquartersNew York / Boston, US
Backing mechanismFiat-backed (USD, EUR)
Reserve mixCircle Reserve Fund (USDXX: T-bills, repo) + cash at banks (per Circle)
Reserves & attestationMonthly attestation by Deloitte & Touche LLP circle.com ↗
CustodyBNY Mellon (custody); Circle Reserve Fund managed by BlackRock (per Circle)
Redemption1:1 redemption via Circle Mint for institutional customers; MiCA: redemption at par without fee for EU holders of EMTs

Transparency Score (issuer)

82
Transparency Score
Weighted from public, sourced inputs · 94% of inputs available
Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

Issuer profile → Circle

Issuer licences, registrations & token status

Issuer-level records from the Circle profile; each row links to the official register or source.

JurisdictionRecordStatusSource
USNational trust bank charter No. 25361 — First National Digital Currency Bank, N.A., operating under the name Circle National Trust (per company); charter 25361 confirmed on OCC list “Trust Banks Active As of 10/31/2026”, last checked 2026-11-13 · OCCAuthorized
as of 31 Oct 2026 (charter 25361)
Verified
US-NYLimited-purpose trust company — Circle Internet Trust Company LLC d/b/a Circle New York Trust (NYDFS regulated entities list: Limited Purpose Trust Charter, granted 2026-07; checked 2026-11-13) · NYDFSAuthorized
Jul 2026
Verified
US-NYVirtual Currency and Money Transmitter Licenses — Circle Internet Financial, LLC (NYDFS regulated-entities list) · NYDFSAuthorized
2015-09
Verified
USMoney transmitter licences — 46 states + DC + PR; FinCEN MSB — Circle Internet Financial, LLC, NMLS #1201441 · State regulators / FinCENAuthorizedReported
EU-FRElectronic Money Institution No. 17788 — Circle Internet Financial Europe SAS (LEI 969500OYUDADGZKCR583), EMT issuer (USDC, EURC) under MiCA; white papers: circle.com/fr/legal/mica-usdc-whitepaper, /mica-eurc-whitepaper. EBA classified USDC as the first significant EMT (14 Oct 2026): EBA prudential supervision from 12 Nov 2026, ACPR keeps governance · ACPRAuthorized
MiCA since 1 Jul 2024
Verified
EU-FRMiCA CASP authorisation No. E2026-005 — services (a) custody, (j) transfer; passported to 29 EEA states · AMFAuthorized
23 Apr 2026 (ESMA register); 24 Apr 2026 per Circle
Verified
SGMajor Payment Institution No. PS20200630 — Circle Internet Singapore Pte. Ltd. (MAS directory: Account Issuance, Domestic & Cross-border Money Transfer, Digital Payment Token Service; archived 17 Apr 2026; last checked 2026-11-01; MAS record shown in the token legal-status card) · MASAuthorizedReported
BMDigital Asset Business licence No. 54786 · BMAAuthorizedReported
UKE-money institution No. 900480 · FCAAuthorizedReported
AE-ADGMFinancial Services Permission No. 250035 — Circle Internet MEA Ltd (FSRA public register; checked 2026-11-13) · FSRA (ADGM)Authorized
27 Nov 2025
Verified
AE-DIFCUSDC and EURC recognised by the DFSA as Crypto Tokens (GEN Rule 3A.3.4) — DFSA Notice of Crypto Token Recognition, 17 Feb 2025; see also DFSA Policy Statement 15 Dec 2025. Token recognition, not an issuer licence · DFSARecognised
17 Feb 2025
Verified
AE-ADGMAccepted Fiat-Referenced Token(s) for use in ADGM: USDC, EURC — FSRA Consolidated List of Accepted FRTs (1 Sep 2026). Accepted for use; not an issuance licence · FSRA (ADGM)Accepted
1 Sep 2026
Verified
JPUSDC handled by SBI VC Trade (No. 00001, 4 Mar 2025) and Coincheck (No. 00002, 27 Aug 2026) · FSA / Kanto Finance BureauAuthorized
4 Mar 2025
Verified
HKHKMA licensed stablecoin issuer · HKMANot on HKMA register
checked 2026-10-26
Verified
CAUndertaking in respect of USDC (value-referenced crypto asset) — Circle Internet Financial, LLC to the Ontario Securities Commission and the other CSA members, 3 Dec 2024. Per the CSA, an undertaking is not an approval or endorsement of the token · CSA (OSC principal regulator)Undertaking filed
3 Dec 2024
Reported

EURC peg history

Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

FavouritesCoinPegTrendMax |dev|Low>±50 bps>±100 bpsEventsDetails
EURCEUR−50.9 bps0.99495 h01

Source: CoinGecko ↗, DefiLlama ↗ · market data cached . Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

EURC supply by chain

Current circulating supply per chain from the DefiLlama stablecoins API (cached at build time). Per-chain or DEX prices are not shown: no free source covers them reliably.

ChainSupplyShare of supply
Ethereum$333.5M70.6%
Solana$67.9M14.4%
Base$47.7M10.1%
Arc$13.1M2.8%
Stellar$4.4M0.9%
Avalanche$3.3M0.7%
Tempo$2.1M0.4%
World Chain$427,8070.1%
Cronos$254,3330.1%
Sonic$9,4340.0%
Polygon$3,4920.0%
Cardano$1780.0%
ICP$580.0%

Source: DefiLlama ↗

FAQ about EURC

What is Circle EURC?

EURC is a stablecoin pegged to the euro. Issuer: Circle. Backing (as described in our data): Fiat-backed (USD, EUR).

Who issues EURC?

EURC is issued by Circle Internet Financial Europe SAS. The issuer profile on StableRadar lists its licences with links to official registers.

Is EURC authorised under MiCA or another stablecoin regime?

A regulator-confirmed token authorisation is on record: EU (MiCA EMT). Register record: ESMA EMT register row; white paper circle.com/fr/legal/mica-eurc-whitepaper. Applicable law noted: MiCA — Regulation (EU) 2023/1114.

Is EURC safe?

StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer Circle has a Transparency Score of 82/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.

How is EURC backed?

Model: Fiat-backed (USD, EUR). Reserve mix: Circle Reserve Fund (USDXX: T-bills, repo) + cash at banks (per Circle). Attestation: Monthly attestation by Deloitte & Touche LLP.

Related pages

Live prices: · Issuer reference data reviewed: (later changes are dated on each row) · Sources: Issuer transparency / reserves (Circle), DefiLlama · EURC, CoinGecko · EURC, DefiLlama · Ethereum stablecoins

Data: DefiLlama · Powered by CoinGecko