EURA is a crypto-backed euro stablecoin. It has about $1.8M in circulation, ranking #188 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is EURA?
EURA is a crypto-backed euro stablecoin. It has about $1.8M in circulation, ranking #188 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: Angle Protocol aims at creating a sustainable money layer for blockchains. It is currently issuing agEUR, the most liquid Euro stablecoin on Ethereum and other chains.
EURA supply history
EURA supply fell 7.0% over the past 30 days, to $1.8M. Its peak was $186M in January 2022, and supply is 99% below that high.
Is EURA holding its peg?
EURA is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURA lives: supply by blockchain
Supply is concentrated: Ethereum holds 92% of all EURA. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURA is backed
EURA is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Using the Angle app, users mint agEUR by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back agEUR is burned.
EURA risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
With $1.8M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURA vs USDT and USDC
Similar crypto-backed stablecoins
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EURA FAQ
What is EURA?
EURA is a crypto-backed euro stablecoin. It has about $1.8M in circulation, ranking #188 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is EURA pegged 1:1 to the euro?
EURA targets 1 EUR. At the last update it traded at €0.9972, a deviation of -0.28%, which we classify as "on peg".
What backs EURA?
EURA is a crypto-backed stablecoin. EURA is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is EURA on?
EURA is live on 4 blockchains. The largest by supply are Ethereum ($1.4M), Fantom ($59K), OP Mainnet ($35K).
How much EURA is in circulation?
About $1.8M of EURA was in circulation at the last update, -7.0% over 30 days. That makes it the #188 stablecoin by supply among those we track.
Is EURA safe?
No stablecoin is risk-free. As a crypto-backed design, EURA's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. 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.