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What is EURC (EURC)?

EURC basic info

Name:EURC
Ticker:
Introduction:

What Is EURC?

EURC, or Euro Coin, is a stablecoin pegged to the traditional fiat currency, the euro. Developed by Circle Internet Financial, LLC, the same company behind the successful USDC, EURC was launched in June 2022 to facilitate seamless euro transfers across borders. This euro-pegged stablecoin is designed to be always redeemable at a 1:1 ratio for euros, ensuring price stability and real-world usability.

Unlike many cryptocurrencies that are subject to intense market fluctuations, EURC maintains a steady value, mirroring the euro. It operates on the Ethereum blockchain as an ERC-20 standard token, utilizing a full reserve model similar to that of USDC. This model ensures that the price of EURC is fully backed by fiat reserves held in leading U.S.-based financial institutions. The stability and reliability of EURC make it an attractive option for both individual and business use, especially in a market where trust and stability are paramount.

Resources

Official Website: https://www.circle.com/en/eurc

How Does EURC Work?

EURC's functionality is rooted in its design as an ERC-20 token on the Ethereum blockchain, allowing it to be stored in any Ethereum-compatible wallet. This integration with Ethereum not only broadens its accessibility but also enables its use across various Ethereum-based protocols and potentially across multiple blockchain networks. The inherent flexibility and interoperability of EURC make it a versatile tool in the crypto ecosystem, facilitating the growth of euro liquidity and usage globally.

The stability of EURC is maintained through a cash-collateralized model. Circle, the issuer of EURC, holds an equivalent value of real-world assets, primarily euros or euro-denominated assets, in custody with leading financial institutions. This backing is regularly verified by Grant Thornton LLP, a prominent third-party accounting firm, ensuring that each EURC token is always redeemable for one euro. This backing mechanism not only provides users with confidence in the token's value but also aligns with regulatory standards, enhancing its credibility and reliability.

What Is EURC Token?

The EURC token is a representation of the Euro in the digital asset space, offering a stable and secure option for cryptocurrency users and investors. As a fiat-backed stablecoin, each EURC token is equivalent to one euro, ensuring a stable value in contrast to the often volatile cryptocurrency market. This stability is crucial for users who require a dependable store of value or a predictable medium of exchange in their digital transactions.

In the broader context of cryptocurrency and blockchain technology, EURC stands out as a pioneering stablecoin. Its integration with the Ethereum blockchain as an ERC-20 token not only ensures wide compatibility and ease of use but also opens up a myriad of possibilities in the DeFi and Web3 spaces. Users can engage in activities like trading on decentralized exchanges (DEXs), participating in lending pools, and exploring non-fungible tokens (NFTs), all while using a stable, euro-denominated digital currency.

What Determines EURC's Price?

The price stability of EURC, a prominent stablecoin in the cryptocurrency market, is primarily determined by its direct peg to the Euro. This pegging mechanism ensures that the value of one EURC is always equivalent to one Euro, offering a predictable and stable asset amidst the often volatile crypto landscape. This 1:1 parity with the Euro is maintained through a robust full reserve model, where every EURC token in circulation is backed by an equivalent amount of Euros held in reserve. These reserves are managed by Circle, the issuer of EURC, and are held in leading financial institutions, providing a high level of security and trustworthiness to the token's value.

The integrity of EURC's price is further reinforced by regular audits and attestations conducted by reputable third-party accounting firms like Grant Thornton LLP. These audits ensure transparency and compliance, verifying that the reserves held by Circle are sufficient to maintain the pegged value of EURC. This practice not only aligns with regulatory standards but also instills confidence among users and investors in the cryptocurrency and blockchain space. The backing and auditing process distinguishes EURC from other digital assets, positioning it as a reliable and stable medium of exchange and store of value for those engaging in blockchain and DeFi applications.

Moreover, EURC's integration with the Ethereum blockchain as an ERC-20 token enhances its liquidity and accessibility, further stabilizing its price. Being part of the Ethereum ecosystem allows EURC to be easily traded on both centralized and decentralized exchanges, facilitating seamless transactions and wider adoption. This accessibility, combined with the stability offered by its Euro peg, makes EURC an attractive option for users seeking to mitigate the risks associated with cryptocurrency investments. As the digital finance landscape continues to evolve, EURC's price stability, backed by stringent reserve management and regulatory compliance, positions it as a cornerstone in the growing world of stablecoins within the blockchain sector.

For those interested in investing or trading EURC, one might wonder: Where to buy EURC? You can purchase EURC on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$1.13
All-time low:$0.9503

EURC supply and tokenomics

Circulating supply:86,095,430 EURC
Total supply:86,095,430.78 EURC
Max supply:0 EURC
Market cap:$89.43M
Fully diluted market cap:$89.43M

Links

Buy EURC for $1Buy EURC now

What is the development prospect and future value of EURC?

The market value of EURC currently stands at $89.43M, and its market ranking is #483. The value of EURC is not widely recognized by the market. When the bull market comes, the market value of EURC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, EURC has broad market potential and significant room for development. The distinctiveness and appeal of EURC may attract the interest of specific groups, thereby driving up its market value.

What will the price of EURC be in 2025?
Based on EURC's historical price performance prediction model, the price of EURC is projected to reach $1.59 in 2025.
What will the price of EURC be in 2030?
In 2030, the EURC price is expected to change by -8.00%. By the end of 2030, the EURC price is projected to reach $1.93, with a cumulative ROI of +85.30%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of EURC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is EURC worth investing or holding? How to buy EURC from a crypto exchange?

If you want to buy EURC, the following information may be helpful for your investment decisions:
In the last 7 days, the price of EURC has fallen by -1.37%, leading to negative returns for most EURC investors. The market is currently pessimistic about the price trend of EURC.
It is important to note that the current price of EURC has retreated by -7.81% from its all-time high. This coin is currently considered low-risk, and its price is likely to reach new all-time highs. However, be mindful of significant pullbacks if the trading volume is huge.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether EURC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in EURC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of EURC, if you want to buy or sell EURC, you can consider Bitget for your trading needs. The best place to buy EURC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in EURC has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy EURC. Here's a step-by-step guide on how to buy EURC on Bitget.

How to get EURC through other methods?

Using cash to buy EURC is not the only way to obtain EURC. If you have the time to spare, you can get EURC for free.
Learn how to earn EURC for free through the Learn2Earn promotion.
Earn free EURC by inviting friends to join Bitget's Assist2Earn promotion.
Receive free EURC airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to EURC through Bitget Convert, Bitget Swap, or spot trading.

What is EURC used for and how to use EURC?

The use case of EURC may expand as the crypto market and the project itself develop. Currently, you can use EURC to achieve the following goals:
Arbitrage by trading EURC: Since EURC is a frequently traded cryptocurrency, the price of EURC is always fluctuating. Earn more EURC by buying low and selling high on the exchange. Bitget spot market provides a variety of EURC trading pairs to fully meet your needs.
Earn by staking EURC: You can also generate income through financial management methods such as staking EURC or lending EURC. Bitget Earn offers a variety of financial products designed to help you earn more income from your EURC.
Send or pay EURC: If you want to give EURC to your friends, a charity, or a fundraiser, or you want to pay someone with EURC, you can quickly and easily send EURC to the recipient through their payment address.
You can also go to the official website of the EURC project to learn more about the use cases of EURC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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