EURC-HKD price

The EURC is a stablecoin issued by Circle, the American company behind the USDC. The EURC is pegged to the price of the euro and is 100% backed by a reserve of euros managed by the company, which publishes a monthly report of its state.

Right now, 1 EURC is worth HK$ .

Right now, 1 Hong Kong dollar is equal to EURC.

Circle is the company issuing and managing the USDC and EURC stablecoins. It was created in 2013 in the United States, where it is still based and regulated today.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

The EURC is fully backed by a reserve of euros and is always redeemable 1-for-1 with euros. Moreover, it is regulated in the United States and published rather transparent reserve reports, so it's reasonable to say that the EURC is safe.

The EURC is designed to follow the price of the euro, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the EURC to deviate from the euro price for various technical or market reasons.

You never store EURC in itself. Instead, you store the private key giving you access and control over a wallet address that contains EURC. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send EURC, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy EURC with us here from Hong Kong by sending us bank transfers in HKD, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy EURC.

You can swap EURC here against one of the cryptocurrencies that we support, using any self-custodial EURC wallet. For more information, have a look at our step-by-step tutorial on how to swap EURC.

To cash out EURC with us, you simply need to transfer your crypto to our address. We'll convert your EURC in HKD, then transfer the funds to your bank account in Hong Kong. For more information, have a look at our step-by-step tutorial on how to sell EURC.