It was built to a higher standard. The euro coin is issued by Circle under the same full-reserve model as the dollar coin. Euro coin is backed by euros held in euro-denominated banking accounts so that it can always be redeemed for euros. There is a new era for digital banking. Euro coin is a euro-backed stable coin that is available 24/7. Who it is for? Anyone with an internet connection will be able to get access to the euro across borders and time zones.