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Circle’s MiCA compliant stablecoins

Circle has achieved compliance with the Markets in Crypto-Assets regulation (“MiCA”), the EU’s landmark crypto law. Of the top ten stablecoins by market cap, only USDC is in compliance with the new EU rules, and while smaller in market cap, EURC is also MiCA compliant. USDC and EURC are uniquely positioned to provide solutions for the European Union’s 450 million residents.

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Committed to setting the standard

Achieving MiCA compliance reaffirms Circle’s commitment to regulatory best practices and building a sustainable digital asset ecosystem that prioritizes trust and transparency. Circle continues to set a precedent for the stablecoin industry to follow.

EURC

EURC white paper

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USDC

USDC white paper

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View our sustainability methodology for details on how the sustainability indicators in our white papers above were calculated.

Fortifying trust with transparency

USDC and EURC are redeemable 1:1 to the US dollar and euro, respectively. Reserves are held and managed by leading financial institutions. Learn more about our approach to transparency.

Reserves composition

As of October 17, 2024
USDC
EURC

Balances

In Circulation

In Circulation

Reserves1

 
USDC in Circulation
 
Cash at Reserve Banks
 
Circle Reserve Fund
 
EURC in Circulation
 
Cash at Reserve Banks

Issuance and Redemption

7 day change

Issued

Redeemed
Change in Circulation
Change in Circulation
30 day change

Issued

Redeemed
Change in Circulation
Change in Circulation
365 day change

Issued

Redeemed
Change in Circulation
Change in Circulation
The Circle Reserve Fund is a SEC-registered government money market fund which holds a portfolio of short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash. For more information visit Circle Reserve Fund.
For further details on the USDC reserve, please see our detailed monthly attestations.
1 USDC is backed by the equivalent value of US dollar denominated assets held as reserves for the benefit of USDC holders. Cash is held at regulated financial institutions. The portfolio of the Circle Reserve Fund, which can contain short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash, is custodied at The Bank of New York Mellon and is managed by BlackRock.
For further details on the EURC reserve, please see our detailed monthly attestations.
1 EURC is backed by the equivalent value of euro denominated assets held as reserves for the benefit of EURC holders. Reserves are held in accordance with the EU MiCA regulation.

Powering innovation in the EU

Circle is a leading infrastructure provider for the digital economy. Builders across Europe can now leverage Circle’s platform to create the next wave of blockchain-powered innovations.

Visit Developer Hub

Interoperable for a multi-chain world

EURC and USDC live on some of the world’s most powerful and innovative blockchains.

In the EU, EURC is available on:
avalanche base eth solana Stellar
In the EU, USDC is available on:
Algorand arbitrum avalanche base Celo-1 eth Noble Optimism Polkadot polygon solana Stellar full_logo_zksync-black2

Redeem EURC & USDC

Circle stablecoins are widely available on global exchanges. Convert EURC and USDC to fiat quickly and easily through an exchange or redeem directly with us now.

Redeem now See our EEA Redemption Policy