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PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN

Peg$1.000
Backing101%
In / out6 / 6
GENIUS8/8
All chapters
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15%
Motion
Theme
Real stablecoin · Anatomy of a Stablecoin

EURC

Circle’s euro coin, the euro version of USDC. Each one is backed by a euro held at regulated banks, and it is the biggest euro stablecoin, with about 60% of the market.

Issuer
Circle (France)
Launched
Jun 2022
Supply
≈ €405M
Route
EU e-money (MiCA)
How it is issued
Own license, in the EU
License
Circle Internet Financial Europe SAS, an e-money institution licensed by France’s ACPR. EURC is an e-money token under MiCA
Reserves
100% euro cash at regulated financial institutions (Aug 31, 2026)
Reports
Weekly reserve figures and monthly examinations by a Big Four firm. Circle counts about €434M across all chains; CoinMarketCap tracks fewer
Networks
Ethereum holds most; also Solana, Base, Avalanche, Stellar, Arc and others
Yield
No
Access
Exchanges such as Coinbase and Bitstamp; Circle Mint for businesses
GENIUS Act
Issued in France under MiCA, so it is not a US permitted issuer. In the EU it is a fully authorized e-money token.

Check the supply yourself

More stablecoins

XO ctUSD USDT USDC USDe DAI USD1 USDG PYUSD RLUSD USDD U TUSD SoFiUSD USDai CASH

Public information as of October 2026, simplified. Not legal or investment advice. Open the full stablecoins world.

Sources165Created by Andres Lamothe