Eurite (EURI) is a fiat-backed euro stablecoin issued by Banking Circle. It has about $41.5M in circulation, ranking #79 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
EURI price
€0.9987
On peg Circulating supply
$41.5M
30-day change
0.0%
Price
€0.9987
Blockchains
2
Tracked since
Jul 2024
What is EURI?
Eurite (EURI) is a fiat-backed euro stablecoin issued by Banking Circle. It has about $41.5M in circulation, ranking #79 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Issued by a licensed European bank.
In the issuer's words: EURI is one of the first MiCA-regulated euro stablecoins, issued by Banking Circle S.A. It is designed to complement Banking Circle's existing payment systems by enabling efficient euro-denominated transfers, smart contract use, treasury management, reduced volatility exposure, and out-of-hours settlement. MiCA compliance ensures adherence to high EU regulatory standards, thereby improving trust, transparency, and overall system stability.
EURI supply history
$59.5M$34.3M
Oct 8, 2025Oct 8, 2026
$64.1M$0
Jul 3, 2024Oct 8, 2026
EURI supply was flat over the past 30 days. Its peak was $62.3M in July 2025, and supply is 33% below that high.
Is EURI holding its peg?
Last price
€0.9987
Target
1.0000 EUR
Status
On pegEURI is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURI lives: supply by blockchain
Supply is concentrated: Ethereum holds 91% of all EURI. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURI is backed
EURI is backed by euro cash and cash equivalents.
Minting and redemption: EURI is minted when users deposit euros with Banking Circle S.A. and is redeemed 1:1 for euros through a regulated MiCA-compliant process. Redemptions require sending EURI to a burn address; after verification and processing, the equivalent amount of EUR is transferred back to the user’s bank account. MiCA oversight ensures consumer protection, transparency, and proper reserve management throughout the minting and redemption lifecycle.
EURI risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Small and thinly traded
With $41.5M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURI vs USDT and USDC
Similar fiat-backed stablecoins
See all →
EURI in the news
Trump DOJ Moves to Drop All Charges Against Alleged $722M BitClub Ponzi Mastermind Weeks Before Trial
EURI FAQ
What is EURI?
Eurite (EURI) is a fiat-backed euro stablecoin issued by Banking Circle. It has about $41.5M in circulation, ranking #79 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is EURI pegged 1:1 to the euro?
EURI targets 1 EUR. At the last update it traded at €0.9987, a deviation of -0.13%, which we classify as "on peg".
What backs EURI?
EURI is a fiat-backed stablecoin. Euro cash and cash equivalents.
Which blockchains is EURI on?
EURI is live on 2 blockchains. The largest by supply are Ethereum ($33.8M), BSC ($3.3M).
How much EURI is in circulation?
About $41.5M of EURI was in circulation at the last update, 0.0% over 30 days. That makes it the #79 stablecoin by supply among those we track.
Does EURI pay interest?
No. EURI does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by EURI.
Is EURI safe?
No stablecoin is risk-free. As a fiat-backed design, EURI's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.