Non-USD stablecoins
If you earn, spend and owe in euros, holding a dollar stablecoin is a currency bet you did not choose to make. These are the alternatives — with the part most lists leave out: how much you can actually move before the price stops being real.
Compare
| Token | Issuer | Supply (m) | Regulation | Liquidity | Redemption | Chains | |
|---|---|---|---|---|---|---|---|
JPYC JPY Coin · JPY | JPYC Inc. Japan | 2,500 | Issued under Japan's funds-transfer / stablecoin framework | Thin Domestic-first. Secondary market depth outside Japan is close to nil. | Redemption to a Japanese bank account for verified domestic users. | Ethereum, Polygon, Avalanche, Astar | Visit JPY Coin |
TRYB BiLira · TRY | BiLira Turkey | 1,800 | Operates under Turkish crypto-asset service provider rules | Moderate Active locally, but remember the peg tracks a currency that has lost most of its value in a decade — stability here means stability against the lira, not purchasing power. | 1:1 to a Turkish bank account for verified users. | Ethereum, BNB Chain, Avalanche, Solana | Visit BiLira |
BRZ Brazilian Digital Token · BRL | Transfero Brazil | 400 | Operates under Brazil's virtual-asset service provider regime | Moderate Genuinely used for BRL settlement, with Pix-connected off-ramps at local exchanges. | 1:1 to a Brazilian bank account or Pix key via partner venues. | Ethereum, Solana, Polygon, BNB Chain, Avalanche | Visit Brazilian Digital Token |
XSGD StraitsX Singapore Dollar · SGD | StraitsX Singapore | 300 | Issued by an MAS-licensed major payment institution | Moderate The strongest non-euro, non-dollar token by real usage — heavy use in Asian payment flows. | 1:1 to a Singapore bank account for verified StraitsX users, usually same business day. | Ethereum, Polygon, Avalanche, Hedera, Zilliqa | Visit StraitsX Singapore Dollar |
EURC Circle Euro Coin · EUR | Circle France (Circle France SAS) | 250 | MiCA e-money token, licensed as an EMI in France | Deep The only euro stablecoin with reliable seven-figure depth on both CEX and DEX venues. | Direct 1:1 redemption to a SEPA account for Circle Mint customers; retail via exchanges. | Ethereum, Solana, Base, Avalanche, Stellar | Visit Circle Euro Coin |
EURS STASIS Euro · EUR | STASIS Malta | 90 | Operating under Maltese VFA framework, transitioning to MiCA | Moderate Longest-running euro token; depth is workable but concentrated on a few venues. | 1:1 redemption for verified accounts, EUR bank transfer. | Ethereum, Polygon, Algorand, XRP Ledger | Visit STASIS Euro |
EURCV Coinvertible · EUR | SG-FORGE (Société Générale) France | 55 | Issued by the digital-asset arm of a G-SIB bank, MiCA-aligned | Thin Institutional by design — whitelisted transfers for much of its life, so retail depth is minimal. | Institutional redemption only; not a retail product. | Ethereum, Solana | Visit Coinvertible |
EURe Monerium EUR emoney · EUR | Monerium Iceland / EEA | 40 | EEA-licensed e-money institution, passported across the EEA | Moderate Thinner on open markets, but uniquely useful: it moves in and out of SEPA directly from your own IBAN. | Self-service 1:1 to your own IBAN, usually same-day over SEPA Instant. | Ethereum, Gnosis, Polygon, Arbitrum | Visit Monerium EUR emoney |
CADC CAD Coin · CAD | PayTrie / Fiat24 partners Canada | 12 | Issuer registered as a money services business with FINTRAC | Thin Small float and shallow books; useful for settlement, not for size. | 1:1 to a Canadian bank account for verified users. | Ethereum, Polygon, Base | Visit CAD Coin |
GBPT Tether GBP · GBP | Tether British Virgin Islands | 8 | Unregulated in the UK; no FCA authorisation for the token | Thin Very thin. Treat market prices as indicative and expect slippage on any real size. | Direct redemption for verified Tether customers, above minimum thresholds. | Ethereum | Visit Tether GBP |
Issuer disclosures verified 2026-08-14. Supply figures are approximate and move daily.
Reserves and attestation, token by token
- JPYC
Yen deposits and Japanese government bonds held domestically.
Reporting under the Japanese regulatory regime · source
No yield to holders.
- TRYB
Lira deposits held at Turkish banks.
Independent attestation published periodically · source
No yield to holders.
- BRZ
BRL deposits and Brazilian government instruments held with local custodians.
Periodic reserve reports published by the issuer · source
No yield to holders; local venues sometimes offer separate CDI-linked products.
- XSGD
SGD held in segregated trust accounts at Singapore banks.
Monthly attestation published by StraitsX · source
No yield to holders.
- EURC
Cash and short-dated euro deposits held at European banks, fully reserved 1:1.
Monthly reserve attestation by an independent accounting firm · source
No yield passed to holders — MiCA e-money tokens are prohibited from paying interest.
- EURS
Euro deposits at European banks, with a small allocation to short-term instruments.
Quarterly verification published on the issuer's transparency page · source
No yield to holders.
- EURCV
Segregated euro cash held at Société Générale, bankruptcy-remote from the issuer.
Reserve reporting published by the issuer; bank-grade audit cycle · source
No yield to holders.
- EURe
Client funds safeguarded at credit institutions and central bank accounts.
Regulatory reporting to the Icelandic FSA; safeguarding audited annually · source
No yield to holders.
- CADC
CAD held in Canadian bank accounts, attested by the issuer.
Issuer-published reserve reports · source
No yield to holders.
- GBPT
Held within Tether's consolidated reserve reporting rather than a ring-fenced GBP pool.
Covered by Tether's quarterly consolidated attestation · source
No yield to holders.
Non-USD stablecoins, answered
+ − Why are non-USD stablecoins so much smaller than dollar ones?
Because demand for stablecoins is mostly demand for dollars. People in weak-currency economies use USDT precisely because it is not their local currency, and traders quote in dollars. Euro and other tokens serve a narrower job: settlement and treasury for businesses that already account in that currency.
+ − Do euro stablecoins pay interest?
No. Under MiCA, e-money tokens cannot pay interest to holders, so EURC, EURe and their peers pass on nothing regardless of what the reserves earn. Any euro yield you see is a separate product — a lending market or a tokenised fund — with its own risk.
+ − Is holding USDC riskier than EURC if I live in Europe?
It carries a risk EURC does not: currency risk. A 10% move in EUR/USD dwarfs the credit difference between two fully reserved tokens. If your rent, salary and taxes are in euros, holding dollars is a position, not a neutral choice.
+ − What is the practical catch with non-USD stablecoins?
Liquidity. Outside EURC and XSGD, order books are shallow, so the spread you pay entering and exiting can exceed a year of the cost you were trying to avoid. Check depth at your intended size before assuming the quoted price is real.
Informational only, not financial advice. Terms, fees and availability change frequently — always verify on the provider's own site before committing funds. Some outbound links may be partner links; they never affect ranking or scoring.