Introducing EURC

We’re switching European customers to EURC

At Sling Money, we’re making moving money around the globe as easy as sending a text. We also believe sending money shouldn’t require a calculator—it should just work, no matter the currency. That’s why we’re switching our European customers to EURC (Circle’s euro-backed stablecoin) as the underlying stablecoin in the Sling Money Wallet.

This means that if you’re in the European Economic Area, your underlying balance is now in euros, making transfers smoother, more intuitive, and better aligned with how you already manage your money. No extra steps, no unexpected currency shifts—just effortless money everywhere.

This also makes global, cross-border transfers feel even more local: A user in Portugal can on-ramp euros into EURC, send money to Brazil, and the recipient receives reals in a USDP-backed wallet—all in seconds, with no extra steps. If someone sends you USDP, you’ll automatically get EURC, and vice versa. We provide mid-market exchange rates and handle everything behind the scenes. It’s that simple. 

What is EURC?

EURC is a stablecoin that’s Markets in Crypto-Assets Regulation (MiCA)-compliant and redeemable 1:1 for euro. It’s issued by Circle (the same company behind USDC) and every EURC in circulation is 100% backed by actual euros held in secure institutions.

It’s fast, transparent, and secure—just like other major stablecoins, but built for people who prefer to hold and transact in euros rather than dollars.

Why we’re making the switch

Until now, the Sling Wallet used USDP (a dollar-backed stablecoin) to underpin all balances. That worked well, but for our European users, it meant dealing with subtle currency shifts when adding or withdrawing funds to euros.

EURC solves that. Your balance now stays in euros, making transactions more predictable and feel more local - without sacrificing speed or flexibility.

EURC was issued by Circle and is fully aligned with MiCA, the EU’s new regulatory framework for digital assets. That means it’s designed from the ground up to meet high standards around transparency, asset backing, and oversight. We want to offer the most compliant, euro-native stablecoin available — one that puts regulatory clarity and customer trust at the center.

What this means for you

Your experience with Sling Money won’t change—you just have a better, more seamless way to hold and send money in the EEA.

• Balances stay in euros. No need to convert to US dollars when adding or withdrawing funds.

• Transfers remain instant and simple. Nothing changes in how you use Sling Money.

• No action needed. The switch happens automatically when you open the app. Just tap ‘Next’ to confirm, and that’s it.

What’s next

This update is part of a bigger step forward. We’re always working on improving Sling Money, and we’ll have more updates soon!