Euro Coin (Avalanche)
EURC
EURO Coin is a fully collateralized stablecoin issued and backed by Circle (a licensed custodian)
Risk Rating
Best
$1.08
-0.25%
What is Euro Coin (Avalanche)?
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Information
Blockchain
- Avalanche
Key Metrics
- Market Cap: $87.1M
- Fully Diluted Valluation: $87.1M
- FDV / MC: 1
- Ranking inside Exponential (among stables): #16
- Circulating Supply: 80,348,458
- Total Supply: 80,348,661
- Volume (24H): $29.6M
- ATH: $1.35 (03/14/2023)
- ATL: $0.05 (12/09/2022)
Risk Assessment
Best
Asset Strength
EURC is a low-cap, fully collateralized asset. This asset depends on a centralized entity for custody services.
EURC is a stablecoin that usually trades within 20bps of its peg to EUR, which makes it a solid store of value.
Dependencies
Euro Coin (Avalanche) has no dependencies.
Asset Tokenomics
EURC does not have a supply schedule. EUROC on Ethereum is backed 1:1 by EUR reserves held with a licensed custodian (Circle). EUROC is fully redeemable for its Euro reserves, providing an effective mechanism to retain the peg to €1.
Things to know about EURC