Is EURC MiCA-compliant?

Yes. EURC is issued by Circle Mint Europe SAS as an e-money token (EMT) under MiCA Title IV, supervised by the ACPR in France.

Which chains does Venly Finance support for EURC and USDC?

Ethereum, Polygon, and Base — the same three chains for both tokens, using canonical (non-bridged) supply.

Can I hold both in the same account?

Yes. Venly Finance accounts hold balances per currency and per chain; transfers between them are internal book-transfers with no on-chain fee.

How are reserves verified?

Circle publishes monthly reserve attestations produced by Deloitte for both EURC and USDC.

Which should I use for SEPA payouts?

EURC — it off-ramps to EUR through licensed partners and settles into SEPA or SEPA Instant without an FX leg.

EURC vs USDC: Choosing a Stablecoin Leg for EU Corridors

EURC is Circle's euro stablecoin, issued in the EU under MiCA's EMT rules. USDC is Circle's dollar stablecoin. Both are 1:1 reserve-backed and both settle on Ethereum, Polygon, and Base. Route EURC for EUR-in / EUR-out flows to avoid double FX; route USDC for USD corridors and deeper liquidity.

EURC and USDC are both fiat-backed stablecoins issued by Circle. EURC is denominated in euro and issued under MiCA's EMT (e-money token) rules by Circle Mint Europe; USDC is dollar-denominated and issued in the US. Both are 1:1 reserve-backed with monthly attestations and settle on Ethereum, Polygon, and Base — the three chains Venly Finance supports.

How it works

1. Pick the ledger currency. For EUR-in / EUR-out flows, EURC removes an FX round-trip. For USD payouts or LATAM/APAC corridors, USDC has deeper on-chain liquidity. 2. Choose the chain. Ethereum for maximum interop, Base for lowest fees, Polygon as a middle ground. Both tokens are canonical on all three (bridged supply is not used for settlement). 3. Route the transfer. Venly Finance''s Finance API selects the token + chain automatically based on the destination and cost profile; you can pin either currency per corridor. 4. Off-ramp. EURC → SEPA / SEPA Instant via licensed partners. USDC → SWIFT, ACH, or FX to local currency. 5. Reconcile. Attestation reports are monthly (Deloitte for Circle); on-chain balances reconcile per block.

Who it''s for

PSPs choosing a settlement asset for European corridors
Marketplaces paying out sellers in EUR or USD
Fintechs and neobanks holding stablecoin reserves for programmable balances

At a glance

| | EURC | USDC | |---|---|---| | Issuer | Circle Mint Europe SAS (FR) | Circle Internet Financial (US) | | Framework | MiCA EMT | US state MTLs / OCC oversight | | Reserves | 100% cash & short-dated EU sovereigns | 100% cash & short-dated Treasuries | | Attestations | Monthly, Deloitte | Monthly, Deloitte | | Chains (Venly) | Ethereum · Polygon · Base | Ethereum · Polygon · Base | | Best fit | EU corridors, SEPA rails | USD corridors, global liquidity |

List last verified 2026-07-02 against Circle''s Transparency page.

When to choose which

EU payer, EU payee: EURC end-to-end — no FX.
EU payer, USD payee: on-ramp EUR → USDC on-chain, off-ramp USDC → USD.
Marketplace with mixed seller base: hold a treasury in both, route per payout.
Cost-sensitive high-volume payouts: Base chain, either token.

Sources

Circle, "USDC & EURC Transparency" — last verified 2026-07-02
Regulation (EU) 2023/1114 (MiCA), Title IV (EMTs)
Circle Mint Europe SAS — EMI licence, ACPR (France)