EURC (Euro Coin)EURC

A euro stablecoin from Circle, backed 100% by euro reserves and regulated as an e-money token under MiCA.

Rank #103Since June 2022

Price on 31 Oct 2026

C$1.56 -3.7% since 31 Jul 2026 · 16.2% below its all-time high

The short version

EURC is a euro stablecoin issued in the EU by Circle Internet Financial Europe SAS, an e-money institution authorized by France's ACPR and part of Circle Internet Group (NYSE: CRCL since 4 Jun 2025). Reserves sit at regulated financial institutions and are examined monthly by a Big Four firm. Circulation passed €400M in Aug 2026 after doubling in a year, and Circle showed €434.2M on 29 Oct 2026. On 31 Oct 2026 one EURC cost C$1.56. From 31 Jul 2026 to 31 Oct 2026 its price changed -3.7% in Canadian dollars, and it was 16.2% below its all-time high of C$1.86 set on 14 Mar 2023.^[1]

Facts checked 2 Nov 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.63 (17 Nov 2025) · low C$1.56 (31 Oct 2026) · -4.1%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.56	US$1.11
30 Sep 2026	C$1.61	US$1.13
31 Aug 2026	C$1.61	US$1.16
31 Jul 2026	C$1.62	US$1.15
30 Jun 2026	C$1.62	US$1.14
31 May 2026	C$1.61	US$1.17
30 Apr 2026	C$1.59	US$1.17
31 Mar 2026	C$1.60	US$1.15
28 Feb 2026	C$1.61	US$1.18
31 Jan 2026	C$1.61	US$1.18
31 Dec 2025	C$1.61	US$1.17
30 Nov 2025	C$1.62	US$1.16

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.56^[1]
3-month change: -3.7% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 16.2% below its high of C$1.86 (14 Mar 2023)^[1]
Market rank: #103, market value about C$689.4M^[1]
Kind: Stablecoin · Ethereum (ERC-20, upgradeable proxy); Circle also issues it on Solana, Base, Avalanche, Stellar, Arc and others
Started: June 2022

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesCircle mints EURC against euro deposits and burns it on redemption^{[2, 3]}

Can anyone freeze or take coins from holders?YesThe contract has blacklist and pause roles controlled by Circle^[3]

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[4]

Is the supply capped?NoNo maximum; supply follows deposits and redemptions^[5]

Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations^[2]

Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; coins are issued only against deposits^[2]

Do network fees reach coin holders?NoCircle keeps the reserve income; holders earn no yield^[2]

Main network hacked or halted in the past 2 years?NoNo exploit of the token contract in the DefiLlama hacks list^[6]

Is a regulator or court case targeting the coin itself?NoNo regulator action or lawsuit naming EURC or Circle found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Issuer: Circle Internet Financial Europe SAS (France), an ACPR-authorized e-money institution; parent Circle Internet Group, NYSE: CRCL since 4 Jun 2025^{[2, 7]}
MiCA: Qualifies as an e-money token under MiCA; Circle registered as a French e-money institution in 2024^{[2, 7]}
Admin powers: Circle can mint, burn, pause and blacklist; the Ethereum contract is an upgradeable proxy^{[3, 8]}

Supply

In circulation: 449.54M EURC^[1]
Maximum supply: None set^[1]
Outstanding: €503.5M on 2 Nov 2026 per DefiLlama, up from €473.1M a month earlier; Circle's own page showed €434.2M on 29 Oct^{[5, 2]}
By chain: Ethereum €354.6M, Solana €74.5M, Base €54.7M, Arc €8.2M, Stellar €4.6M, Avalanche €4.2M (2 Nov 2026)^[5]
Attestation: Monthly examination reports by a Big Four accounting firm; reports posted through Sep 2026^{[9, 2]}

Use and fees

Main use: Euro payments, settlement and DeFi liquidity on nine chains; redeemable 1:1 for euros^[2]
Reserve income: Kept by Circle, which assumes the interest-rate risk on reserves; holders earn no yield^[2]
Growth: Passed €400M in circulation in Aug 2026, roughly doubling in twelve months; 41-65% of euro stablecoins by various counts^[10]

Trading

Daily trading: About C$40.1M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 6.27% of its market value changes hands each day^[1]
20-week average: 2.6% below its 20-week average price^[1]
1-year change: -3.0% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Circle can pause EURC and blacklist addresses, and can replace the Ethereum contract's code through its proxy.^[3]
Under MiCA, EURC is an e-money token issued by Circle's French entity; euro reserves are held at regulated institutions in the EEA.^[2]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.