DescriptionEuro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC). Euro Coin is 100% backed by euros held in euro-denominated banking accounts so that it's always redeemable 1:1 for euros.
Category:fiat-backed
Minting and RedemptionAn eligible business can exchange EUR for EUROC and redeem EUROC for EUR through a Circle Account.
Euro Coin (EUROC)