Circle EURC on Stellar: Euro Stablecoin Goes Global for Payments
EURC Hits Stellar: Circle’s Euro Stablecoin Goes Live
Circle, the issuer of USDC, has launched its euro-pegged stablecoin EURC on the Stellar ($XLM) network. Announced on September 26, 2023, at Stellar’s Meridian conference in Madrid, this marks the third blockchain for EURC after Ethereum and Avalanche. Like USDC, EURC is fully backed 1:1 by euros and redeemable anytime. It enables 24/7 global transfers with Stellar’s speed and low costs. For beginners, stablecoins like EURC hold steady value, here, 1 EURC = 1 euro, ideal for payments without volatility. As Circle’s VP Rachel Mayer said, “EURC on Stellar enhances European remittances and aid disbursement.” With €49.2 million in circulation at launch, it’s set to broaden multi-currency utility in Europe and beyond.
Why Stellar? Fast, Cheap, and Connected for Global Use
Stellar’s network fits EURC perfectly. Transactions settle in 5 seconds for $0.00001. That’s 99% cheaper than Ethereum gas. It supports 72 countries and 47 currencies. Developers build apps for remittances or treasury management. For example, Ripio, a Latin American crypto provider, added EURC on Stellar for euro deposits in Spain. This expands EURC’s reach. Users send, spend, or hold it globally. As Mayer noted, “It radically enhances cross-border payments.” Moreover, it ties into Stellar Aid Assist for humanitarian aid. Circle and SDF collaborate on secure access during crises. Thus, EURC isn’t just a token. It’s a tool for inclusion.
Broader Utility: Multi-Currency Stablecoins in Europe and Beyond
EURC on Stellar boosts Europe’s €150B remittance market. Senders swap fiat to EURC. It lands instantly. No 6-7% fees. Businesses manage treasuries in euros. Aid groups disburse funds transparently. As the euro is the world’s second-most traded currency, EURC fills a gap. It joins USDC on Stellar, enabling hybrid flows. For instance, convert USD to EURC for EU payouts. Developers use Soroban for DeFi apps. Liquidity pools earn yields. As a result, Stellar’s stablecoin TVL grows. USDC hit $170M. EURC adds momentum. Hence, multi-currency utility expands. From Spain to Brazil, it’s borderless.
Stellar’s RWA Edge: Payments Meet Programmable Euros
Stellar excels in RWAs. Its $639M TVL is 94.8% Treasuries. EURC fits seamlessly. Tokenize euro bonds or funds. Trade 24/7 on the DEX. Fees? Pennies. Settlements? Instant. Partnerships like MoneyGram (400,000+ locations) ramp fiat. As Dixon, Stellar’s CEO, said, “EURC unlocks real-world utility.” For institutions, it’s MiCA-compliant. Audits ensure reserves. Users access via wallets like Lobstr. As a result, $XLM benefits. Volumes hit $4.2B quarterly. XLM traded at $0.34 in November 2025. Up 3%.
A Euro-Powered Future: Inclusion and Innovation
In short, EURC on Stellar isn’t hype. It’s utility. Europe gains stable euro rails. Global payments modernize. For holders, $XLM eyes $0.50. Newcomers get easy access. Platforms like Lumexo trade with low fees. As Q4 2025 pilots launch, watch adoption soar. Blockchain is here. It’s euro-ready.