Buy EURC

EURC (EURC) is a stablecoin pegged one-to-one to the value of the euro. Issued by Circle, the company behind the USDC stablecoin, it acts as a digital version of the euro within the crypto market. EURC aims to provide crypto investors with a stable store of value and a means of trading that is not subject to the volatility that characterizes many other cryptocurrencies.

For both beginner and advanced crypto traders, EURC offers a safe haven during periods of high market volatility. It allows users to preserve value without having to convert their assets to traditional fiat currencies, allowing them to quickly respond to market opportunities without exposure to exchange rate risk.

EURC is available on various platforms, including decentralized exchanges and DeFi platforms. It provides access to a wide range of financial services in the DeFi space, such as trading, lending, payments, and peer-to-peer transfers.

Who founded EURC?

EURC was founded by Circle, a payments technology company founded in 2013 by Jeremy Allaire and Sean Neville. Circle now operates EURC and has focused on expanding its stablecoin portfolio, with the successful launch of USDC and subsequently EURC.

Despite the fact that EURC always has a constant value of one euro, this stablecoin has multiple functions. It can be used for the following situations, among others:

• Store of value: EURC offers a stable store of value, which is essential in a market known for its volatility.
• Trading: In trading, EURC can be used as a counterparty in trades on both centralized and decentralized exchanges, providing a stable trading experience.
• Payments: It is possible to use EURC to send money anywhere in the world, without users having to worry about exchange rate fluctuations.
• DeFi applications: EURC can be used on various DeFi applications, such as lending platforms, decentralized exchanges (DEXs), and other financial services within the Ethereum ecosystem.

EURC is an ERC-20 token that operates within the Ethereum network. This makes EURC compatible with various wallets, exchanges and DeFi applications, making it easy to use and trade.

Fully backed

Each EURC token is fully backed by an equal amount of euros held at reputable financial institutions. This 1:1 backing ensures that for every EURC in circulation, there is a real euro stored, keeping the value of EURC stable. Independent third parties regularly audit these reserves to ensure the integrity and transparency of the stablecoin.

Control and transparency

To ensure transparency and trust, EURC is subject to periodic audits by external auditors, such as Grant Thornton LLP. These audits verify the accuracy of the cash and cash equivalents backing the EURC tokens and ensure that they are consistent with the issued tokens. The results of these audits are publicly available, which contributes to the credibility and reliability of EURC.

EURC (EURC) tokenomics are fundamentally different from many other cryptocurrencies as they are designed to provide stability and reliability in the volatile crypto market. At the heart of EURC’s tokenomics is its 1:1 peg to the Euro, ensuring that every EURC token is always backed by an equivalent amount of Euros in reserves.

The number of circulating tokens is determined by market demand. EURC can be issued or redeemed flexibly, depending on the demand. When a user purchases EURC, euros are transferred to the reserves and an equivalent amount of EURC is issued. When EURC is redeemed for fiat currency, the corresponding tokens are destroyed or removed from circulation, and the euros are released from the reserves.

EURC is unique for several reasons:

• Euro pegged: EURC is one of the few stablecoins that is directly pegged to the euro. This makes it attractive for investors who want exposure to the eurozone.
• Full reserve: Each EURC is fully backed by euro reserves, guaranteeing stability and reliability.
• Transparency: EURC's reserves are audited monthly by an independent party, bringing a rare level of openness and trust to the cryptocurrency world.
• Accessibility: EURC is an ERC-20 token, meaning it is easy to use within the Ethereum ecosystem. This gives users access to a wide range of DeFi applications and services.

You can purchase EURC at Bitvavo. Follow these steps to buy EURC via our website or app:

1. Log in to your Bitvavo account or create a new account.
2. Add money to your account by clicking "Deposit".
3. Head to the EURC (EURC) purchase page.
4. Enter the desired Euro amount to invest or the number of EURC tokens you want to purchase and click "Buy".

The purchased EURC tokens are placed directly in your Bitvavo wallet and are ready to use. Selling EURC is just as easy via Bitvavo, allowing you to respond quickly to your financial needs.

Bitvavo offers the ability to securely store your EURC tokens in your account, with most funds kept offline in secure cold wallets. We recommend using two-factor authentication (2FA) for added security.

For those who prefer to keep their EURC in a personal wallet, Bitvavo supports several software and hardware wallets that support EURC. After purchase, it is easy to move your EURC tokens to an external wallet, as long as the correct address is linked to your Bitvavo account.