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BLUE EMI euro token vs USDC: two MiCA-regulated stablecoins compared.

BLUE EMI euro token
UAB BLUE EMI LT · EUR peg · Bank of Lithuania

score pending verification

Footprint · context only · weight 0

USDC
Circle Internet Financial Europe SAS · USD peg · ACPR
84 / 100composite

Footprint · context only · weight 0

DimensionBLUE EMI euro tokenUSDC
IssuerUAB BLUE EMI LT · LithuaniaCircle Internet Financial Europe SAS · France
PegEURUSD
FX risk for a euro householdNoneEUR/USD exposure
MiCA statusEMT · Title IV EMT · Title IV
RegulatorBank of LithuaniaACPR
Reserves summaryEMT issued under a Lithuanian EMI licence.Fully backed by cash and short-dated US Treasuries, largely in the BlackRock-managed Circle Reserve Fund, with monthly attestations.
NoteWhite paper notified 2025-08-01; no public ticker confirmed.Largest MiCA-compliant stablecoin; white papers notified 2024-07-01, the day MiCA Title IV became applicable.
BandPartially verifiedSubstantially verified
Compositepending84 / 100
D1 Regulatory28/30
D228/30
D313/25
D415/15
Checked24 JUL 202624 JUL 2026

Checked 24 JUL 2026 against the ESMA register and issuer attestations.

Our read

BLUE EMI euro token is a EUR-pegged MiCA e-money token from UAB BLUE EMI LT (band 3); USD Coin is a USD-pegged MiCA e-money token from Circle Internet Financial Europe SAS (band 2).

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