EURC (EURC): D-Score 22/100 — Centralized Leaning BlockIndex D-Score: 22/100 (Centralized Leaning). EURC (EURC) is a Layer 2 cryptocurrency using PoS consensus. EURC: Euro-backed, fully reserved stablecoin by Circle with multi-chain native deployments, monthly attestations, and institutional integrations. Source: https://blockindex.ai/coin/eurc · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 22: Node distribution: 0: Initial distribution: 0: Governance: 11: Age and history: 11: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: PoS (N/A) - Launch: Other (2022) - Founder: Circle; Centre consortium (Circle and Coinbase) - VC funded: Yes - Max supply: N/A - Circulating: 378,147,973 Market data (as of 2026-06-19) - Price: $1.14 - Market cap: $432.13M - 24h volume: $39.52M - 24h change: -0.73% · 7d change: -1.17% About EURC (Euro Coin) is a euro-backed stablecoin issued and operated by Circle, designed to bring euro liquidity on-chain with an emphasis on full-reserve backing, transparency, and institutional integrations. Launched on June 30, 2022, EURC mirrors Circle’s reserve model used for USDC: each EURC token is intended to be 1:1 redeemable for euros held in segregated, euro‑denominated bank accounts. Circle publishes monthly reserve attestations (Deloitte referenced in source materials) to provide ongoing transparency into backing assets. The issuance model is centralized under Circle as the operator and issuer (with Centre consortium noted historically); operational decisions and redemptions are handled off‑chain by Circle within applicable regulatory frameworks. Technically, EURC was introduced as an ERC‑20 token on Ethereum (contract indicated in sources) and later made available as native deployments on multiple chains including Avalanche C‑Chain, Solana, Stellar and World Chain per Circle/Messari documentation. As a token, EURC does not run its own consensus or block production; its characteristics and on‑chain behavior inherit the performance and security properties of the host chains. Circle has implemented tooling and protocol improvements (referenced v2.2 upgrade and Cross‑Chain Transfer Protocol work) that improve gas efficiency and cross‑chain transfer workflows for Circle stablecoins generally, which benefit multi‑chain deployments of EURC. EURC’s primary use cases are euro‑denominated on‑chain settlement, DeFi collateral and lending, payments rails integration, and cross‑border liquidity provisioning. The token has been integrated into lending and collateral markets (Aave, Folks Finance, Anvil community decisions), listed on major centralized exchanges (Kraken, Coinbase, Binance, KuCoin, Bybit, Bitget) and available on DEXs such as Uniswap and Curve. Practical integrations include SEPA on‑ramp functionality (Kima enabling SEPA→EURC), Visa settlement support on Stellar via Wirex, and native cross‑chain deployments that expand settlement and liquidity venues for euro‑denominated transactions. From a tokenomics and governance perspective, EURC is an issuer‑minted stablecoin with elastic supply tied to fiat reserves rather than a maximum capped supply. Supply figures reported in source snapshots show circulating supply on the order of ~297.3M EURC (CoinMarketCap / Messari snapshots), and market snapshots in the provided data show price and market cap values consistent with fiat peg dynamics and episodic market deviations. Governance of EURC issuance and redemption is handled by Circle (off‑chain company governance); community or DAO governance exists only at the protocol-level in third‑party DeFi systems that choose to accept EURC as collateral. Regulatory context is prominent for EURC — Circle positions the instrument as a regulated e‑money token with monthly attestations, and recent regulatory signals (ESMA/MiCAR, other compliance steps) in 2025 highlight the evolving supervisory environment for euro‑pegged stablecoins. Links - Website: https://www.circle.com/eurc - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore