VNX EURO (VEUR) is a fiat-backed euro stablecoin. It has about $1.2M in circulation, ranking #216 among the stablecoins CoinScoop tracks, and runs on 9 blockchains.
What is VEUR?
VNX EURO (VEUR) is a fiat-backed euro stablecoin. It has about $1.2M in circulation, ranking #216 among the stablecoins CoinScoop tracks, and runs on 9 blockchains.
In the issuer's words: VNX Euro (VEUR) is a token referencing Euro from a token generator licensed under the Blockchain act in Liechtenstein.
VEUR supply history
VEUR supply fell 0.6% over the past 30 days, to $1.2M. Its peak was $4.0M in January 2025, and supply is 71% below that high.
Is VEUR holding its peg?
There is no live market price for VEUR. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where VEUR lives: supply by blockchain
VEUR is spread across several networks. The largest, Avalanche, holds 56% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How VEUR is backed
Each VEUR is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: VNX Euro (VEUR) is a multichain token referencing the Euro, issued by VNX Commodities AG (registered with the FMA) and supported by assets held in reserve.
Reserve reports and audits: vnx.io
VEUR risks
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.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $1.2M 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.
VEUR vs USDT and USDC
Similar fiat-backed stablecoins
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VEUR FAQ
What is VEUR?
VNX EURO (VEUR) is a fiat-backed euro stablecoin. It has about $1.2M in circulation, ranking #216 among the stablecoins CoinScoop tracks, and runs on 9 blockchains.
What backs VEUR?
VEUR is a fiat-backed stablecoin. Each VEUR is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is VEUR on?
VEUR is live on 9 blockchains. The largest by supply are Avalanche ($579K), Solana ($411K), Ethereum ($21K).
How much VEUR is in circulation?
About $1.2M of VEUR was in circulation at the last update, -0.6% over 30 days. That makes it the #216 stablecoin by supply among those we track.
Is VEUR safe?
No stablecoin is risk-free. As a fiat-backed design, VEUR'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 "no market price" on our peg monitor. This page is information, not investment advice.