EURC vs USDC: same issuer, different money.
EURC
Circle Internet Financial Europe SAS · EUR peg · ACPR
93 / 100composite
Footprint · context only · weight 0
USDC
Circle Internet Financial Europe SAS · USD peg · ACPR
84 / 100composite
Footprint · context only · weight 0
| Dimension | EURC | USDC |
|---|---|---|
| Issuer | Circle Internet Financial Europe SAS · France | Circle Internet Financial Europe SAS · France |
| Peg | EUR | USD |
| FX risk for a euro household | None | EUR/USD exposure |
| MiCA status | EMT · Title IV | EMT · Title IV |
| Regulator | ACPR | ACPR |
| Reserves summary | Backed by euro-denominated cash held with EU banks and short-dated European sovereign instruments, segregated from USDC reserves. | Fully backed by cash and short-dated US Treasuries, largely in the BlackRock-managed Circle Reserve Fund, with monthly attestations. |
| Note | Largest euro EMT by supply; available on Ethereum, Solana, Base, Avalanche, Stellar and more via CCTP. | Largest MiCA-compliant stablecoin; white papers notified 2024-07-01, the day MiCA Title IV became applicable. |
| Band | Fully verified | Substantially verified |
| Composite | 93 / 100 | 84 / 100 |
| D1 Regulatory | 28/30 | 28/30 |
| D2 | 28/30 | 28/30 |
| D3 | 22/25 | 13/25 |
| D4 | 15/15 | 15/15 |
| Checked | 24 JUL 2026 | 24 JUL 2026 |
Checked 24 JUL 2026 against the ESMA register and issuer attestations.
Our read
Both are EMTs from the same issuer; EURC is EUR-pegged, USDC is USD-pegged — the choice is currency, not safety.
Where to go next
Related
Stablecoin profileEURC · Euro CoinCircle Internet Financial Europe SAS — the full verification profile.Stablecoin profileUSDC · USD CoinCircle Internet Financial Europe SAS — the full verification profile.LearnWhat “MiCA-compliant” means for your walletRedemption rights, reserves, and why the EMT label above matters.