EUR Stablecoin: The 10 Most Important Cryptocurrencies Pegged to the Euro

When we talk about Stablecoin, we mean a particular type of cryptocurrency with stable value. A sort of "anti-Bitcoin"—as this asset has sometimes been called—given its underlying characteristics. But, like most cryptocurrencies, while until recently growth and development could be assumed, today the evolution is tangible. Despite being an "intangible" substance. This definition is too narrow for stablecoins, which possess an intrinsic characteristic: stable value tied to a stable medium of exchange.

And this medium of exchange can be a fiat currency, such as the dollar (USD) or the euro (EUR). While those pegged to the dollar are undoubtedly the most common, the euro also boasts its own primary stablecoins. Let’s discover the 10 most relevant on the current market.

What are stablecoins and why are they increasingly important

As mentioned, stablecoins are a particular category of cryptocurrencies whose value is pegged to a fiat currency, such as the dollar or the euro, or another reference asset, with the aim of reducing the volatility typical of traditional cryptocurrencies like Bitcoin or Ethereum. This pegging makes stablecoins more stable and reliable digital tools for everyday use, favoring payments, value transfers, and decentralized finance (DeFi) applications.

Recently, in the United States, the signing of the Genius Act by Donald Trump marked an important regulatory turning point, allowing stablecoins to officially enter the financial system as regulated payment instruments, equated to bank transfers or credit cards.

This law, already approved by Congress, requires issuers to maintain reserves equivalent to the value of the stablecoins issued, in the form of dollars or government bonds (US), thus increasing transparency and security for users. According to experts, the integration of stablecoins into traditional financial circuits could significantly reduce transaction fees and improve the efficiency of money transfers, with a potentially revolutionary impact on the global digital payments system. But the risks are not few. The stablecoin market is already very large and diverse: over 150 are active, but most of the value is concentrated in a few major issuers such as Tether, USD Coin, and Binance USD.

Each of these features different collateralization models and levels of transparency, with some, like Dai, using algorithmic mechanisms to maintain stability, while others rely on guaranteed and verifiable fiat reserves. However, the exponential growth of stablecoins could lead to consequences related to market fragmentation and reserve management, with potential systemic implications for global finance, yet to be deciphered. But back to us. Stablecoins pegged to the euro still represent a good segment and are rapidly growing. Unlike the more widespread dollar-linked ones, euro-pegged ones are establishing themselves as key tools for accessing European markets, meeting rigorous regulatory compliance standards such as MiCA and guaranteeing transparent and verifiable reserves. These stablecoins offer a solid alternative for digital transactions in the context of the single European currency and are increasingly gaining traction in DeFi and digital payment networks, underscoring, once again, the growing importance of the digitization of fiat currencies globally.

The 10 Most Important Stablecoins Pegged to the Euro

From the perspective of stablecoins pegged to the euro, it must be said, the list is not as extensive as if we were to analyze those related to the dollar. But there are still some stablecoins worth evaluating, suitable for short- and medium-term use as units of account and stores of value. Here are the 10 most important selected based on updated data.

EURC (Euro Coin)

EURC (Euro Coin) is a Stablecoin pegged 1:1 to the euro, issued by Circle starting in June 2022 and becoming the reference Euro-denominated stablecoin in the crypto markets. Each EURC token is backed by one euro held in segregated accounts at regulated banks in the European Economic Area, subject to monthly certification, in line with the full-reserve model. The stablecoin is compliant with the EU MiCA Regulation and is issued under a license from Electronic Money Institution issued in France by ACPR (operational license from July 1, 2024), making Circle the first global MiCA-compliant issuer for USDC and EURC.

The token is available on multiple blockchain networks – Ethereum, Avalanche, Solana, Base, Stellar, Polygon – and supported by Circle Mint, a platform that enables seamless cross-chain conversions and transfers at no additional cost. EURC is used in many scenarios: 24/7 on-chain FX trading, DeFi lending, peer-to-peer payments, and fast, ultra-low-cost (< €0.01) cross-border transactions, with near-instant settlement and deep liquidity. From a security perspective, S&P Global has rated its reserve structure as "Very Strong": over 100% coverage, segregated reserves, and no currency or interest rate exposure. EURC’s smart contracts follow the USDC model, making it easy to integrate into existing applications. Furthermore, the French license allows European users to redeem directly in euros through Circle Mint France, supported by a formal collective redemption plan in the event of adverse events, as required by MiCA.

EURS (Stasis Euro)

EURS, issued by Stasis (founded in 2018), is one of the first and most established stablecoins pegged to the euro and remains the largest in Europe by market capitalization and history. Each token is backed 1:1 by euro reserves in segregated accounts, with full transparency: daily deposit reports, quarterly attestations (Big Four), and on-demand auditing. Available on major blockchains - Ethereum (ERC-20), Polygon, Arbitrum, xDai, XDC, Stellar - thanks to a multichain infrastructure that facilitates interoperability and efficient transfers

EURS has exceeded €5 billion in on-chain transactions, used for P2P payments, remittances, trading, and DeFi applications. Use cases include bridging, cross-chain arbitrage, and integration into CeFi/DeFi Stasis platforms.

EURS is designed to provide a euro-denominated alternative to popular USD tokens, with strong compliance and reserve guarantees. Its regulation includes future MiCA compliance, integrates traditional tools (CDO) and an advanced Web3 Ecosystem. Therefore, EURS is a well-established, regulated, fiat-backed, multi-chain stablecoin, widely adopted for payments, interoperability, and secure digital finance.

AEUR (Anchored Coins Euro)

AEUR is also a stablecoin whose value is always equal to 1 euro. It is issued by Anchored Coins AG, a regulated Swiss company, which means it follows the same "strict" rules as its competitors to ensure security and transparency. Each AEUR token is backed by real euros deposited in secure Swiss banks and separated from the company’s other funds, so users can always count on the real value of the digital currency.

This stablecoin is primarily available on Ethereum and Binance Smart Chain, two of the most widely used blockchains, but the project plans to expand to other networks to make it even more accessible. Thanks to this, AEUR can be used for various digital transactions such as fast payments, investments in decentralized finance (DeFi), and international transfers with very low costs.

AEUR is also present on major cryptocurrency exchanges such as Binance, Coinbase, and Gate, making it easy to buy, sell, or trade. Currently, there are approximately 56 million AEUR tokens in circulation, with a total market value of around $65 million. AEUR’s main advantage is its Swiss regulation, which provides confidence, especially to professional and institutional investors.

EURI (Eurite)

EURI is a stablecoin created by a European consortium in 2023, designed to offer users a stable and regulated digital currency, compliant with European laws, such as the oft-cited MiCA regulation. Each EURI token is fully backed by real euros held in segregated accounts at reputable banks in Europe. Quarterly audits also certify the guaranteed value of the stablecoin.

Technologically, EURI runs on major blockchains such as Ethereum and Polygon, which enable fast and secure transactions. It is designed to be integrated into digital wallets and payment platforms, making it easy to switch from traditional euros to EURI and vice versa with very low fees, less than 0.1%. EURI has an estimated market capitalization of around $60 million, with approximately 55 million tokens in circulation, and is primarily used by fintech companies and professional users who want to operate with stability and security. An interesting aspect is that the funds backing EURI can be invested in short-term government bonds, to earn a small return without risking losing the peg. Furthermore, all digital contracts governing EURI are audited by specialized companies, ensuring security and privacy.

EURCV (EUR CoinVertible - SG-Forge)

EURCV is a stablecoin issued by SG-Forge, part of the French bank Société Générale. It was launched in 2023 and follows all European regulations to ensure security and transparency. Each EURCV token is backed by real euros, stored in segregated accounts in European banks. Like other stablecoins, the funds are regularly audited by external auditors, and the results are public and transparent. EURCV runs on two main blockchains: Ethereum and Stellar, with transaction settlement times measured in seconds.

This makes it ideal for companies and institutions looking to use cryptocurrencies for international payments or digital financing. EURCV is managed in a highly transparent and regulated manner: the smart contracts that manage the creation and destruction of tokens have been verified and audited by experts, and integrate with traditional banking systems via APIs. Furthermore, the coin uses a secure investment strategy for the funds that support it, placing the funds in short-term government bonds to maintain stability and security.

Market capitalization is around $49 million, with good adoption especially among companies and financial institutions.

EURT (Tether EURt)

EURT is the euro stablecoin issued by Tether, the same company that created the famous dollar-denominated USDT. It was launched in 2021 and functions as a digital currency permanently pegged to 1 euro. Each EURT token is backed by real euro reserves, held in regulated banks. EURT is available on several blockchains, including Ethereum, Tron, and Algorand, offering flexibility and speed for those who want to use digital euros in a variety of contexts, from trading to decentralized finance (DeFi).

It is one of the most used and traded euro stablecoins, with high liquidity and low fees.

Users can easily convert fiat euros to EURT and vice versa, thanks to a reliable infrastructure operated by Tether, which works with authorized banking partners. The company follows rigorous security procedures against money laundering and illicit financing. EURT has a current market cap of around $41 million and broad support in the crypto world, although, compared to other stablecoins, it is considered less transparent-first» than EU-born projects. Despite this, it is very popular for fast trading, liquidity, and participation in decentralized finance platforms.

EURR (StablR Euro)

EURR is a euro-pegged stablecoin issued by StablR, a startup based in Malta that operates in compliance with EU regulations for the issuance of e-money tokens. Launched in 2022, EURR is designed to be fully collateralised in fiat euros deposited at regulated European banking institutions, with periodic audits and transparent control structures published by certification partners.

According to Crypto.com and CryptoSlate, StablR follows a next-generation e-money standard that integrates automated reserve verifications, audited smart contracts, and corporate governance in the process of compliant with MiCA regulations. The stablecoin is distributed on Ethereum as an ERC-20 token and can be used for instant payments, DeFi lending, and decentralized liquidity. Despite having a smaller market capitalization than more established stablecoins (≈12 million USD), EURR has attracted the interest of European fintech partners for its ease of use and API integration support.

The infrastructure includes an automatic issuance/redemption module available to verified users via a proprietary portal that allows fiat-token conversions in just a few clicks. The 1:1 peg to the euro is maintained through fiat custody and on-chain balancing mechanisms. Although EURR is still not widely used in the retail circuit, it stands out for its regulatory approach, transparent structure, and focus on compliance: all issuance wallets are public, monitored, and tracked in real time. With public roadmaps that include new integrations on other blockchains and collaborations with Eurozone banking entities, EURR aims to become a regulated and sustainable alternative in the European stablecoin market.

EURQ (Quantoz EURQ)

EURQ is a euro-backed stablecoin issued by Dutch fintech Quantoz Payments B.V., a company licensed as an Electronic Money Institution (EMI) by the Dutch Central Bank (DNB). Launched in 2023, EURQ is classified as an e-money token and therefore subject to full European regulation: each token is backed 1:1 by euro reserves held in segregated accounts at regulated institutions in the Netherlands and other EU countries.

Quantoz regularly publishes reserve statements, follows KYC/AML procedures, and is one of the first operators to have aligned its model with the MiCA Regulation. The stablecoin is built natively on Ethereum as an ERC-20 but is expanding to other EVM-compatible chains. EURQ’s infrastructure is designed to integrate with digital wallets, payment systems, and DeFi networks, with a focus on compatibility with regulators and financial institutions.

Issuance and redemption can be carried out via Quantoz Payments or via wallets integrated into partner platforms, with instant conversion mechanisms and transparent fees. With a currently low market cap (≈3.9 million USD), EURQ is considered among the most promising e-money tokens in Europe due to its transparent governance, full compliance, and modular architecture for banks and businesses.

The official website, whitepaper, and contracts are public and audited, with regular updates. The design is intended for compliant digital finance, B2B, and machine-to-machine transactions in industrial and commercial contexts.

EURA (Angle Protocol)

EURA is a stablecoin pegged 1:1 to the euro, created by Angle Protocol and launched in November 2021 as the first decentralized euro stablecoin of significant scale. Designed to provide on-chain stability and liquidity, EURA is over-collateralized through a combination of collateralized debt and euro stable assets, backed by a “zero-equity buffer” that protects holders from potential depeg events.

The protocol is open-source and has passed multiple audits from top-tier security firms, including Code4rena, Sigma Prime, and Chain Security. EURA is among the most traded euro-stablecoins, with over 11 million tokens in circulation and a market cap of over $18 million.

It is also deployed on major blockchains—Ethereum, Polygon, Arbitrum, BNB-Smart-Chain, Solana, Celo, Base, and xDai—thanks to an advanced cross-chain architecture. EURA is used across multiple use cases: on-chain trading and arbitrage, DeFi lending (present on Curve, Aave), digital payments, and smart contract transactions. The protocol follows a multi-helmet decentralized governance and uses participants such as “Hedging Agents” to maintain the peg even in adverse conditions.

e-Money EUR (EEUR)

e-Money EUR (EEUR) is an e-money token pegged 1:1 to the euro, issued by e-Money A/S in accordance with EU Directive 2009/110/EC which regulates electronic money institutions. Introduced in 2017 on the Cosmos network and via Osmosis, EEUR is collateralised in fiat euros held in segregated and settled accounts, offering a stable system without leverage or complex algorithms. It is available on multiple networks, including Ethereum, Polygon, and Osmosis.

Although its market cap is small (≈ 500,000 tokens), the token enjoys strong trust due to the clarity of its peg, backed by real fiat reserves. EEUR is used on DEXs in the Cosmos ecosystem – particularly Osmosis – for payments, DeFi liquidity, and access to interoperable wallets. Cross-chain interoperability, reserve transparency, and regulated procedures make EEUR an attractive option for DeFi projects integrated with traditional finance, especially on the Cosmos network, albeit at a smaller scale and volume than its larger competitors.

Original article published on Money.it Italy. Original title: EUR Stablecoin, le 10 criptovalute più importanti ancorate all’euro