EURC is Circle's centralized euro stablecoin, redeemable 1:1 by qualifying customers and backed by cash and short-term assets denominated in euros. The static profile records its Euro peg mechanism as: Direct 1:1 euro redemption through Circle Internet Financial Europe SAS (ACPR-authorized electronic money institution); issuance through Circle Mint requires an eligible institutional account, and redemption remains subject to AML checks and the applicable redemption policy.

As of Oct 24, 2026, Pharos grades EURC A- (82/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records EURC's reserves as of Aug 31, 2026 as 100% Cash at Regulated Financial Institutions (net settlement adjustments). Reserve evidence: Independent Audit by Deloitte, latest period ending Aug 31, 2026. Pharos classifies the backing as Real-World Asset Backed.

Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for EURC, when applicable, appear in the live dossier on this page.

Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem EURC for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.