Monerium EUR emoney (EURE) is a fiat-backed euro stablecoin issued by Monerium. It has about $36.7M in circulation, ranking #86 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is EURE?
Monerium EUR emoney (EURE) is a fiat-backed euro stablecoin issued by Monerium. It has about $36.7M in circulation, ranking #86 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: Monerium EUR e-money (EURE) is a digital currency issued by Monerium, an electronic money institution licensed and regulated by the Financial Supervisory Authority of Iceland. EURE is a stablecoin that is pegged to the Euro at a 1:1 ratio.
EURE supply history
EURE supply grew 2.9% over the past 30 days, to $36.7M. It is at or near its all-time high.
Is EURE holding its peg?
EURE is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURE lives: supply by blockchain
Supply is concentrated: Gnosis holds 81% of all EURE. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURE is backed
EURE is backed by euro e-money held under an EU e-money licence.
Minting and redemption: To mint Monerium EUR e-money (EURE), users need to first create an account with Monerium and complete the required KYC and AML checks. Once the account is approved, users can then fund their account with Euros via bank transfer.
EURE 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 $36.7M 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.
EURE vs USDT and USDC
Similar fiat-backed stablecoins
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EURE FAQ
What is EURE?
Monerium EUR emoney (EURE) is a fiat-backed euro stablecoin issued by Monerium. It has about $36.7M in circulation, ranking #86 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is EURE pegged 1:1 to the euro?
EURE targets 1 EUR. At the last update it traded at €0.9971, a deviation of -0.29%, which we classify as "on peg".
What backs EURE?
EURE is a fiat-backed stablecoin. Euro e-money held under an EU e-money licence.
Which blockchains is EURE on?
EURE is live on 4 blockchains. The largest by supply are Gnosis ($19.6M), Ethereum ($4.3M), Noble ($285K).
How much EURE is in circulation?
About $36.7M of EURE was in circulation at the last update, +2.9% over 30 days. That makes it the #86 stablecoin by supply among those we track.
Does EURE pay interest?
No. EURE 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 EURE.
Is EURE safe?
No stablecoin is risk-free. As a fiat-backed design, EURE'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.