EURC Settlement

EURC is Circle’s Euro-pegged stablecoin on Base mainnet — a MiCA-compliant e-money token issued by Circle Internet Financial Europe SAS under French EMI licensing. For European institutions settling in EUR, EURC is the native settlement asset on DPX.

Why EURC matters for European settlement

USDC is USD-denominated. For European institutions, cross-border settlement in USD introduces FX exposure on every transaction. EURC eliminates that exposure for EUR-denominated flows:

	USDC settlement	EURC settlement
Denomination	USD	EUR
FX exposure	USD/EUR rate risk	None for EUR-native flows
MiCA status	Non-EU issuer (US)	MiCA-compliant (Circle EU, French EMI)
SEPA alignment	Indirect (USD → EUR conversion)	Direct EUR denomination
Regulatory recognition	GENIUS Act (US)	MiCA Article 48 e-money token

EURC on Base mainnet

Property	Value
Contract	`0x60a3E35Cc302bFA44Cb288Bc5a4F316Fdb1adb42`
Network	Base mainnet (chainId 8453)
Issuer	Circle Internet Financial Europe SAS
Regulatory status	MiCA e-money token
Decimals	6
Peg	1 EURC = 1 EUR

Settlement flow

EURC settlement follows the same flow as USDC — the settlement asset is specified in the request:

curl -X POST https://integration.untitledfinancial.com/payments/initiate \
  -H "Authorization: Bearer <key>" \
  -H "Content-Type: application/json" \
  -d '{
    "amount":           "100000.00",
    "currency":         "EUR",
    "settlementAsset":  "EURC",
    "creditor": {
      "name":          "European Counterparty GmbH",
      "lei":           "529900ODI3047E2LIV03",
      "walletAddress": "0x..."
    },
    "debtor": {
      "name": "Ordering Corp BV",
      "lei":  "724500VKKSH9QOLTFR81"
    }
  }'

The settlement response includes the EURC contract address and the Base mainnet transaction hash:

{
  "id": "dpx-e2a8f1...",
  "status": "SETTLED",
  "settlementAsset": "EURC",
  "settlementContract": "0x60a3E35Cc302bFA44Cb288Bc5a4F316Fdb1adb42",
  "network": "base-mainnet",
  "txHash": "0x...",
  "amount": "100000.00",
  "currency": "EUR",
  "compliance": {
    "fatfR16Compliant": true,
    "micaCompliant": true
  }
}

Fee structure for EUR flows

The DPX fee structure applies identically to EURC settlements. Since EURC is a same-currency EUR flow (no FX conversion required for EUR-to-EUR), the FX fee component is zero:

Fee component	EUR-to-EUR (EURC)	EUR-to-USD (USDC)
Core settlement	1.50%	1.50%
FX fee	0.00%	+0.40%
ESG surcharge	0.00–0.50%	0.00–0.50%
License fee	0.01%	0.01%
Typical all-in	~1.635% (score 75)	~2.035%

MiCA compliance

EURC is issued under MiCA Title III (e-money tokens). For European institutions required to use MiCA-compliant settlement assets under Articles 48–58, EURC on Base satisfies:

Authorisation: Circle EU holds French EMI authorisation
Reserve backing: 1:1 EUR reserves in segregated accounts
Redemption: Mandatory at par on demand
Transparency: Regular reserve attestations published
Prudential requirements: Own funds requirements met by issuer

DPX settlement using EURC includes "micaCompliant": true in the compliance attestation block, referencing both the settlement rail’s MiCA compliance and the asset’s issuer authorisation.

Acquiring EURC

EURC is available on Base mainnet via:

Circle Mint — institutional issuance directly from Circle (requires Circle business account)
Coinbase Exchange — EURC/USD and EURC/EUR pairs
Uniswap on Base — EURC/USDC pool on Base mainnet
Bridge.xyz — institutional cross-chain liquidity

For institutions holding EUR in a European bank account, Circle Mint is the primary issuance path: deposit EUR via SEPA transfer, receive EURC on Base at 1:1.

EURC in the MCP server

When using DPX via the MCP server (Claude Desktop, Cursor), specify EURC in the settlement tool:

settle(
  amount: 100000,
  currency: "EUR",
  settlementAsset: "EURC",
  creditorWallet: "0x...",
  creditorLei: "529900ODI3047E2LIV03"
)

The MCP server passes settlementAsset: "EURC" to the Settlement Agent, which routes to the EURC contract on Base mainnet.