USD Coin and Euro Coin stablecoins are now exclusively named USDC and EURC: Circle

Stablecoins • September 22, 2023, 11:11AM EDT
Published 1 minute earlier on
UPDATED: September 22, 2023, 11:22AM EDT
The Block

Quick Take

  • Circle announced it has officially renamed its dollar and euro stablecoins to USDC and EURC, respectively.

Stablecoin issuer Circle has made adjustments to the official names of its dollar and euro-pegged stablecoins: USD Coin and Euro Coin.

The firm stated that the stablecoins will now be written as simply USDC +0.090% and EURC, replacing their previous names. The issuer’s USDC stablecoin is the second-largest by supply, after Tether USD ( USDT +0.014% ).

"Today, we are streamlining our product naming construct and corresponding symbols to improve consistency and eliminate confusion when referring to Circle’s stablecoins," Circle said in a statement.

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USDC has an aggregated market value of $28 billion, according to The Block’s dashboard. Meanwhile, EURC has a market capitalization of $49 million.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.

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