EURC is a euro stablecoin issued by Circle, the company behind USDC, designed to hold a value of one euro. Each EURC is backed by euro denominated reserves held at regulated financial institutions, and the token is issued in line with the European Union's Markets in Crypto Assets (MiCA) regulation. Launched in 2022, EURC lets people hold, send and settle euros on a blockchain at any time of day, with transfers that can settle in seconds. It runs on several networks, including Ethereum, Solana and Base. EURC is used for cross border payments, for trading against other digital assets, and as a way to hold euro value on chain.