StablR Euro (EURR) is a fiat-backed euro stablecoin. It has about $16.0M in circulation, ranking #116 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is EURR?
StablR Euro (EURR) is a fiat-backed euro stablecoin. It has about $16.0M in circulation, ranking #116 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: StablR Euro (EURR) is a Euro-pegged MiCAR compliant stablecoin designed to maintain a 1:1 value with the Euro. EURR combines the reliability of fiat currency with the efficiency of blockchain. EURR is issued by StablR Ltd., an electronic money institution supervised by the MFSA.
EURR supply history
EURR supply was flat over the past 30 days. It is at or near its all-time high.
Is EURR holding its peg?
There is no live market price for EURR. 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 EURR lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all EURR. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURR is backed
Each EURR 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: StablR customers who have undergone a verification process can exchange EUR for EURR and redeem EURR for EUR.
EURR 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 $16.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURR vs USDT and USDC
Similar fiat-backed stablecoins
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EURR FAQ
What is EURR?
StablR Euro (EURR) is a fiat-backed euro stablecoin. It has about $16.0M in circulation, ranking #116 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs EURR?
EURR is a fiat-backed stablecoin. Each EURR 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 EURR on?
EURR is live on 1 blockchain. The largest by supply are Ethereum ($14.3M).
How much EURR is in circulation?
About $16.0M of EURR was in circulation at the last update, 0.0% over 30 days. That makes it the #116 stablecoin by supply among those we track.
Is EURR safe?
No stablecoin is risk-free. As a fiat-backed design, EURR'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.