What it means
The US company that issues USDC and EURC.
Circle holds the reserves behind both stablecoins and publishes monthly reports on them. Its European arm is licensed in France as an e-money institution under MiCA.
How it works
Defied holds Circle's stablecoins; Circle isn't a Defied partner and doesn't run the app.
Related terms
| Term | What it means |
|---|---|
| USDC | A dollar stablecoin issued by Circle: one USDC is meant to be worth one US dollar, backed by dollar reserves. |
| EURC | A euro stablecoin issued by Circle: one EURC is meant to be worth one euro, backed by euro reserves. |
| Reserves | The cash and short term assets a stablecoin issuer holds to back every token in circulation. |
This glossary explains terms in general. It isn't investment, tax or legal advice.