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Built to a higher standard Euro Coin (EUROC) is issued by Circle using the same full-reserve model as USD Coin (USDC), a trusted digital currency with over $54 billion in circulation.1 Designed for stability, Euro Coin is fully backed by euros held in euro-denominated bank accounts, ensuring it can always be redeemed 1:1 for euros.
A new era for FX & digital banking Euro Coin is a euro-backed stablecoin that is available 24/7 and operates at internet speed. Together with USDC, Euro Coin opens up new possibilities for multi-currency digital banking and near-instant foreign exchange, with daily volumes in traditional markets reaching up to $6.6 trillion globally.
Who is it for Euro Coin will be accessible to anyone with an internet connection, facilitating access to the euro across borders and time zones.
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What is Euro Coin and how can I access it?
Euro Coin is a stablecoin issued by Circle under the same reserve model as USD Coin ($USDC). It is designed to be stable and 100% backed by euros held in euro-denominated banking accounts. Euro Coin ($EUROC) can be redeemed 1:1 for the euro currency.
Businesses can mint Euro Coin by depositing euros into a Circle Account via wire transfer or Euro SEN. To redeem Euro Coin, businesses can deposit Euro Coin into a Circle Account and withdraw euros via wire transfer or Euro SEN. Euro Coin will also be accessible through our exchange partners as liquidity builds in the ecosystem. Exchanges will enable users and businesses to convert euros to Euro Coin, trade for Euro Coin, and withdraw Euro Coin to Ethereum-compatible wallets to participate in the crypto ecosystem.
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