Regulated Stablecoins & Tokenized Assets

Circle is the world's largest regulated stablecoin issuer, providing fully-backed digital dollar (USDC), digital euro (EURC), and tokenized money market fund (USYC) products for institutional and consumer use.

USDC - World's Largest Regulated Stablecoin

USDC is a fully-backed digital dollar redeemable 1:1 for US dollars, with over $70 billion in circulation and $61 trillion in all-time transaction volume. USDC provides 24/7 liquidity for near-instant, low-cost global payments across 30+ blockchain networks.

Key Features

• Regulatory compliance: Issued by Circle, the most licensed stablecoin company globally with 55 licenses worldwide including money transmitter licenses in 46 US states, BitLicense from NYDFS, and registration with FinCEN
• Full reserve backing: 100% backed by highly liquid cash and cash-equivalent assets held in the Circle Reserve Fund (USDXX), an SEC-registered 2a-7 government money market fund managed by BlackRock
• Transparent management: Monthly reserve attestations by Deloitte & Touche LLP ensuring reserves always meet or exceed USDC in circulation
• Multi-chain support: Natively issued on 30 blockchain networks including Ethereum, Solana, Arbitrum, Base, Polygon, Avalanche, Optimism, Stellar, and more
• Always-on settlement: Real-time transactions available 24/7 eliminating traditional banking hours and settlement delays

EURC - Regulated Digital Euro

EURC is the world's largest regulated digital euro stablecoin, designed to maintain a stable 1:1 value with the euro. Fully backed by euro-denominated reserves, EURC provides fast, secure, and compliant digital euro transactions for global businesses.

Key Features

• European compliance: Issued by Circle's regulated entities with frameworks across multiple jurisdictions including the EU
• Full euro reserves: 100% backed by highly liquid euro-denominated cash and cash-equivalent assets
• 24/7 availability: Always-on settlement enabling real-time euro transactions
• Multi-chain support: Available on major blockchain networks for seamless euro-based transactions
• Transparent reserves: Monthly attestations by Big Four accounting firm

USYC - Tokenized Money Market Fund

USYC is an institutional-grade tokenized money market fund with near-instant redeemability to USDC. Each USYC token represents a share of the Hashnote International Short Duration Fund Ltd., a Cayman Islands registered mutual fund.

Key Features

• Yield-bearing digital asset: Provides institutional investors with yield generation while maintaining blockchain benefits and near-instant liquidity
• Institutional regulatory structure: Issued by Circle International Bermuda Limited (CIBL), regulated by the Bermuda Monetary Authority (BMA), with underlying fund licensed by CIMA
• Near-instant redeemability: Unlike traditional money market funds, offers near-real-time redemption to USDC under ordinary operating conditions
• Institutional grade: Designed for sophisticated investors and institutions requiring compliant, yield-bearing dollar-equivalent exposure
• Professional fund management: Circle International Bermuda Limited serves as token administrator

Use Cases

• Global payments: Enable low-cost cross-border payments settling in seconds with access to 185+ countries
• Trading and liquidity: Institutional-grade liquidity for exchanges and trading platforms
• Treasury management: Stable value storage and yield generation for businesses and financial institutions
• Remittances: Fast, low-cost international money transfers
• European payments: Instant euro-denominated payments across Europe and globally
• DeFi integration: Collateral, lending, and yield generation in decentralized finance
• Institutional cash management: Treasury management with yield optimization through USYC

Circle's stablecoin and tokenized asset infrastructure is trusted by over 1,000 global partners including Stripe, Coinbase, Binance, and major financial institutions for secure, compliant, and efficient digital dollar and euro transactions.