EURC or USDC — should I hold euro or dollar stablecoins?
EURC (Circle): $561M in circulation, authorised under MiCA in the EU. USDC (Circle): $72.7B in circulation, authorised under MiCA in the EU.
EURC and USDC come from the same issuer, Circle, and are both authorised as e-money tokens under MiCA in the EU. The difference is the currency: if you spend and save in euros, USDC adds dollar exchange-rate risk; EURC does not.
How this list is made: computed from the live TokenBank dataset each time the page is built — 2 matching rows, each linked to its own page and source.
Figures from our live dataset · data as of 2026-10-11 · this answer as JSON · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | EU (MiCA) | Chain |
|---|---|---|---|---|---|---|
| EURC EURC | Circle | No yield | — | No KYC on a DEX | Authorised · ACPR (France) Circle Internet Financial Europe SAS source | Ethereum / Solana / Base (+10) |
| USDC USD Coin | Circle | No yield | — | No KYC on a DEX | Authorised · ACPR (France) Circle Internet Financial Europe SAS source | Ethereum / Hyperliquid L1 / Solana (+154) |
Side by side
| EURC | USDC | |
|---|---|---|
| Liquidity | Traded on public markets — venues not verified | Traded on public markets — venues not verified |
| KYC to mint with the issuer | KYC required | KYC required |
| KYC to buy on a market | No KYC | No KYC |
| KYC to redeem | KYC required | KYC required |
| Assets under management | $561,074,693 circulating | $72,656,933,418 circulating |
| Jurisdiction | Euro area | United States |
| How to buy | On exchanges (KYC there) or on a DEX with a self-custody wallet (no KYC). Minting and redeeming 1:1 runs through Circle Mint, which is open to approved institutions only. | On any exchange (KYC there) or on a DEX with a self-custody wallet (no KYC). Minting and redeeming 1:1 runs through Circle Mint, which is open to approved institutions only. |
More questions
Which is the largest?
By size, USDC at $72.7B, followed by EURC at $561M. Size is not safety, but a larger product usually means a deeper market to sell into.