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← Eurite / Banking Circle
EURI EURI active Fiat Backed EUR
Issued by Eurite / Banking Circle · Launched 2024
Market Cap $39M

EURI is a euro-pegged e-money token issued by Banking Circle S.A. The issuer states that each EURI represents one euro, is fully backed by euro cash, and is redeemable at par subject to customer due diligence.

Key Data

BackingCash in euros held in segregated customer-funds accounts or fiduciary estate arrangements
Reserve ReportingAttestation
RedemptionEURI holders have a right of redemption at any time and at par value of one euro per EURI. Banking Circle states that no redemption fee is charged and that redemption is subject to satisfactory customer due diligence.
KYC RequiredYes
Peg CurrencyEUR
Launched2024

Reserve Composition

Cash Equivalents
100%

Supported Networks

L1 EVMEthereumBNB Smart Chain

Regulatory Status

European Union
MiCA e-money token
MiCA ↗
licensed2024
Luxembourg
Credit institution supervision
licensed2026

Use Cases

SettlementPaymentsTradingRemittanceDefi Collateral

Overview

EURI is a euro-pegged e-money token issued by Banking Circle S.A. The issuer states that each EURI represents one euro, is fully backed by euro cash, and is redeemable at par subject to customer due diligence.

Key Features

Reserve Backing

Cash in euros held in segregated customer-funds accounts or fiduciary estate arrangements.

Supported Networks

Available on Ethereum, BNB Smart Chain.

Recent Activity

Other EUR Stablecoins

EURC · $423MEURCV · $148MEURe · $33MEURS · $7MEURT · $226,662QIVALIS-EUR