EURC is a euro-backed stablecoin issued by Circle, designed to provide stability in the digital currency market. It operates under a full-reserve model, meaning it is 100% backed by euros held in euro-denominated banking accounts. This design intends to allow EURC to be redeemed 1:1 for euros, providing a level of consistency for its users. EURC is accessible globally on various blockchain platforms including Avalanche, Ethereum, and Stellar. It aims to facilitate access to the euro across borders and time zones, making it available to anyone with an internet connection.

EURC operates on a full-reserve model, meaning it is 100% backed by euros held in euro-denominated banking accounts. This design intends to allow each EURC token to be redeemed 1:1 for euros, providing a level of stability and consistency for its users. The stablecoin is available 24/7 and enables near-instant, low-cost payments worldwide. It is natively available on Avalanche, Ethereum, and Stellar blockchains, allowing it to be sent, spent, and traded around the globe at any time. EURC reserves are bankruptcy remote, meaning they are held separately from Circle’s operating funds, providing an additional layer of security for its users.

EURC aims to unlock new possibilities for multi-currency digital banking and near-instant foreign exchange. It can be used by businesses to expand their customer base and improve cash flow by accepting EURC payments. It also enables businesses to send remittances globally to suppliers, vendors, and employees with funds that can settle in seconds. Developers can integrate EURC into apps that run on Avalanche, Ethereum, and Stellar, building on the network that best suits their needs. Institutional traders can utilize EURC in their operations and provide liquidity to borrowing and lending services throughout the multi-chain ecosystem.

EURC is issued by Circle, a global financial technology firm that also issues USDC, a well-known dollar digital currency. The stablecoin was designed to provide stability in the digital currency market and facilitate access to the euro across borders and time zones. It operates under a full-reserve model, meaning it is 100% backed by euros held in euro-denominated banking accounts. This design intends to allow each EURC token to be redeemed 1:1 for euros. The stablecoin is available 24/7 and enables near-instant, low-cost payments worldwide. It is natively available on Avalanche, Ethereum, and Stellar blockchains, allowing it to be sent, spent, and traded around the globe at any time.

Euro CoinEUROC strives to maintain a stable value relative to a specified asset or pool of assets, often pegged to the US dollar or other currencies. This stability is designed to mitigate the inherent volatility often associated with traditional cryptocurrencies. By striving to maintain a stable value, Euro CoinEUROC aims for reliability as a medium of exchange within the crypto ecosystem. It's important to note that Euro CoinEUROC is not a traditional cryptocurrency, but a type of stablecoin. Stablecoins like Euro CoinEUROC are often associated with management by a centralized intermediary and are "asset-backed", meaning their value is associated with underlying assets like certain bonds, corporate debt, or deposits.

EUROC is regulated as a form of stored value or prepaid access under the laws governing money transmission in various U.S. states and territories. To ensure compliance with financial regulations, EUROC has implemented Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) procedures guided by all applicable laws and regulations. These standards aim to deter the use of EUROC for illegal activities. EUROC complies with the laws, regulations, and rules of any applicable governmental or regulatory authority, including all applicable tax, AML, CTF provisions, and sanctions. EUROC seeks to uphold its decentralization by operating on multiple blockchains, reflecting the decentralized and open-source nature of the token.

Euro CoinEUROC intends to provide a stable digital currency that may offer several advantages for businesses and individuals. As a digital medium of exchange, it is designed to be risk-free, widely accessible, user-friendly, and accessible for basic use. It seeks to offer a universally accepted digital means of payment throughout the euro area, for transactions in shops, online, or between individuals. This digital currency intends to contribute to the strategic autonomy and monetary sovereignty of the euro area by aiming to improve the efficiency of the European payments ecosystem, fostering innovation, and aiming to improve its resilience to potential cyberattacks or technical disruptions. Euro CoinEUROC is designed to be available to people, businesses, and public entities that reside or are established in a euro area Member State on a temporary or permanent basis. And, it seeks to support digital financial inclusion by ensuring that no one is left behind, accommodating the needs of people with disabilities and those with no access to a bank account or lacking digital or financial skills.

The digital euro is designed to be a complement to cash, ensuring that central bank money, in both its physical and future digital form, is available to users in the euro area. It aims to support accessibility and financial inclusion, adapting its services according to user needs while preserving financial stability. The digital euro also seeks to facilitate the development of pan-European and interoperable retail payment solutions, facilitating efficiency, innovation, and resilience in the EU's digitalizing economy. It is accessible to people, businesses, and public entities that reside or are established in a euro area Member State, on a temporary or permanent basis, including people who do not have bank accounts.

Euro Coin utilizes blockchain, a technology that operates as a decentralized database, replicated across multiple machines, with control over data evolution shared among entities running these machines. The system validates, stores, and replicates transaction data globally, using cryptography and digital signatures to prove identity, enforce read/write access rights, and ensure immutability, making it impossible to alter historical records. This technology is particularly beneficial in financial markets, where permissioned or private blockchains are required to provide centralization. Euro Coin seeks to utilize this technology to facilitate real-time data access, security, and collaboration between banks and corporations. The inherent transparency and information richness of blockchain technology are aspects Euro Coin seeks to utilize. Euro Coin also seeks to utilize the inherent transparency and information richness of blockchain technology to foster a sense of trust in transaction systems and to streamline transaction processes.