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Euro Coin

EUROC

Explore Euro Coin

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Stablecoins

‘Stablecoin‘ (e.g. , ) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks

Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.

Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.

Collateral risk: There’s a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).

FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate

Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there’s a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.

About Euro Coin

EUROC is an ERC-20 stablecoin that is pegged on a 1:1 basis to the euro. EUROC is issued by Circle and 100% backed by euros held in euro-denominated banking accounts.

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. The stablecoin is available 24/7 and enables 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 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. 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. It is natively available on Avalanche, Ethereum, and Stellar blockchains, allowing it to be sent, spent, and traded around the globe at any time.

Market

United Kingdom Market Stats

Market cap

£34.8M

Volume (24h)

£1.4M

Circulating supply

40.9M EUROC

Typical hold time

1 day

Popularity

#656

All time high

£0.94

Price change (1h)

+0.11%

Price change (24h)

+0.11%

Price change (7d)

+0.43%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Euro Coin on social media

47 unique individuals are talking about Euro Coin and it is ranked #1,134 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Euro Coin has an average sentiment score of 3.1 out of 5. Finally, Euro Coin is becoming more newsworthy, with 0 news articles published about Euro Coin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Euro Coin. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Euro Coin. 0% of tweets were neutral about Euro Coin. These sentiments are based on 5 tweets.

On Reddit, Euro Coin was mentioned in 4 Reddit posts and there were 9 comments about Euro Coin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

47 people

Volume rank

#1,134

Average Sentiment

3.1 out of 5

Twitter

Reddit

Post Score

36,265

Comment Score

3,719

Euro Coin is on the rise this week.

The price of Euro Coin has increased by 0.11% in the last hour and increased by 0.11% in the past 24 hours. Euro Coin’s price has also risen by 0.43% in the past week. The current price is £0.85 per EUROC with a 24-hour trading volume of £1.42M. Currently, Euro Coin is valued at 9.97% below its all time high of £0.94. This all-time high was the highest price paid for Euro Coin since its launch.

The current circulating supply of Euro Coin is 40,876,756.766 EUROC which means that Euro Coin has as total market cap of 40,876,756.766.

FAQ

What is the current price of Euro Coin?

We update our Euro Coin to GBP currency in real-time. Get the live price of Euro Coin on Coinbase.

What is the market cap of Euro Coin?

The current market cap of Euro Coin is £34.75M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Euro Coin?

The all-time high of Euro Coin is £0.94. This all-time high is highest price paid for Euro Coin since it was launched.

What is the 24 hour trading volume of Euro Coin?

Over the last 24 hours, the trading volume of Euro Coin is £1.42M.

What other assets are similar to Euro Coin?

Assets that have a similar market cap to Euro Coin include Linear Finance, Steem Dollars, Maple, and many others. To see a full list, see our comparable market cap assets.

How many Euro Coin are there?

The current circulating supply of Euro Coin is 41 million.

What is the typical holding time of Euro Coin?

The median time that Coinbase customers hold Euro Coin before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Euro Coin?

Euro Coin ranks 261 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Euro Coin?

Currently, 80% of Coinbase users are buying Euro Coin. In other words, 80% of Coinbase customers have increased their net position in Euro Coin over the past 24 hours through trading.

Can I buy Euro Coin on Coinbase?

Yes, Euro Coin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Euro Coin guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024