> For the complete documentation index, see [llms.txt](https://tradesman.gitbook.io/lv8r-labs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tradesman.gitbook.io/lv8r-labs/micropay/eurdc.md).

# EURDC Settlement

{% hint style="info" %}
**EURDC** is MicroPay's Euro settlement product, powered by Circle's EURC (Euro Coin). EURC is the underlying stablecoin; EURDC is the compliance-wrapped settlement layer.
{% endhint %}

## Overview

Native Euro settlement with MiCA Travel Rule compliance. Built for European members of cross-border organizations like [BIMHeroDAO](/lv8r-labs/lv8r-labs/bimherodao.md).

## How It Works

| Step              | What Happens                                                            |
| ----------------- | ----------------------------------------------------------------------- |
| **1. Preference** | Member sets `settlementCurrency` to EURC at registration                |
| **2. Conversion** | USDC distributions auto-convert to EURC using 4-tier rate source        |
| **3. Compliance** | MiCA Travel Rule metadata applied for transfers above EUR 1,000         |
| **4. Anchoring**  | Settlement records anchored with ADI identity credentials on Accumulate |

## Rate Sources (4-Tier)

| Priority | Source                 | Fallback                          |
| -------- | ---------------------- | --------------------------------- |
| 1        | Circle official rate   | —                                 |
| 2        | Chainlink oracle       | If Circle unavailable             |
| 3        | CoinGecko API          | If Chainlink unavailable          |
| 4        | Cached last-known rate | Emergency fallback (max 1h stale) |

## MiCA Compliance

The Markets in Crypto-Assets regulation requires Travel Rule metadata for transfers above EUR 1,000:

* Originator name and account
* Beneficiary name and account
* Transaction purpose
* Timestamp and amount

MicroPay attaches this metadata automatically — no manual compliance steps for the user.

## Why EURDC?

Most US-based platforms force USD settlement on all members regardless of jurisdiction. MicroPay treats currency preference as a first-class feature, not an afterthought. European members receive native euro settlement with regulatory compliance built in.

→ [BIMHeroDAO + EURDC](/lv8r-labs/shared/bimhero-eurdc.md) · [Proof-Triggered Settlement](/lv8r-labs/shared/proof-settlement.md) · [About MicroPay](/lv8r-labs/micropay/micropay.md)


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