Is EURC the same as the digital euro?

No. EURC is issued by a private company, Circle, and is a claim on that company. The digital euro is a European Central Bank project for a central bank digital currency, which would be issued by the central bank itself.

What was Euro Coin or EUROC?

Euro Coin and the symbol EUROC are the old name of EURC. Circle renamed the token but kept the same contract addresses, so some wallets and block explorers may still show the old name.

Why hold EURC instead of USDC in Bulgaria?

Bulgaria has used the euro since 1 January 2026. If your income and expenses are in euro, EURC avoids EUR/USD exchange rate risk. USDC suits people who are paid in dollars or want dollar exposure.

Can EURC be redeemed without a fee?

Under MiCA Article 49, the issuer must redeem e-money tokens at any time, at par value and without a fee. Individuals usually sell EURC through a provider rather than through Circle, and that provider may charge its own fee.

On which networks is EURC available?

Circle lists EURC on Ethereum, Solana, Base, Avalanche and Stellar among others. As with any token, EURC on one network cannot be sent directly to an address on another network.

EURC

By xChange.bg team
Published 16 September 2026

EURC is the euro counterpart of USDC. It is a stablecoin built to trade at 1.00 euro, issued by Circle and backed by euro assets that Circle holds for token holders.

How EURC works

Businesses with a Circle Mint account send euros to Circle and receive the same amount of newly issued EURC. When they return EURC, the tokens are destroyed and euros are paid out. Individuals do not use Circle Mint. They buy and sell EURC through exchanges, apps and on-ramp or off-ramp providers.

Circle publishes monthly attestations on the EURC reserves, prepared by a Big Four accounting firm. On 14 September 2026 Circle reported EUR 407.1 million of EURC in circulation, a small fraction of the USDC supply. Circle states that it bears the interest rate risk on the reserves, which matters because MiCA forbids paying interest to holders.

The token was previously called Euro Coin (EUROC). The contract addresses did not change with the new name. EURC is issued on several networks, including Ethereum, Solana, Base, Avalanche and Stellar.

EURC under MiCA

A stablecoin that references one official currency is an e-money token under MiCA. Circle Internet Financial Europe SAS is authorised in France as an electronic money institution, and ESMA's interim register lists its EURC white paper with a notification date of 1 July 2024. For holders this means:

a legal claim against the issuer;
redemption at par, at any time, with no redemption fee charged by the issuer (Article 49);
no interest or other reward for holding the token (Article 50).

An e-money token is deemed to be electronic money, but it is not a bank deposit and deposit guarantee schemes do not cover it.

Example

A web developer in Varna is paid EUR 3,000 by a client in Germany through a SEPA transfer. She converts the euros into EURC through an on-ramp provider that offers it and receives the tokens in her self-custody wallet, minus that provider's fee. She then pays a supplier 1,000 EURC on-chain, which costs only the network fee, and later sells the rest to her Bulgarian bank account through an off-ramp.

Because her costs are in euro, holding EURC instead of USDC keeps her balance free of exchange rate swings.

Common confusion

EURC is not the digital euro. The ECB's digital euro would be central bank money. EURC is private e-money on public blockchains.
EURC is not the only euro stablecoin. Other licensed issuers have euro e-money tokens too. Check the issuer and the network before you send or accept one.
A price of 1.00 on an exchange is not guaranteed. Market prices can drift briefly, while the right to redeem at par stays with the issuer.

Frequently asked questions

Is EURC the same as the digital euro?: No. EURC is issued by a private company, Circle, and is a claim on that company. The digital euro is a European Central Bank project for a central bank digital currency, which would be issued by the central bank itself.
What was Euro Coin or EUROC?: Euro Coin and the symbol EUROC are the old name of EURC. Circle renamed the token but kept the same contract addresses, so some wallets and block explorers may still show the old name.
Why hold EURC instead of USDC in Bulgaria?: Bulgaria has used the euro since 1 January 2026. If your income and expenses are in euro, EURC avoids EUR/USD exchange rate risk. USDC suits people who are paid in dollars or want dollar exposure.
Can EURC be redeemed without a fee?: Under MiCA Article 49, the issuer must redeem e-money tokens at any time, at par value and without a fee. Individuals usually sell EURC through a provider rather than through Circle, and that provider may charge its own fee.
On which networks is EURC available?: Circle lists EURC on Ethereum, Solana, Base, Avalanche and Stellar among others. As with any token, EURC on one network cannot be sent directly to an address on another network.