MiCA regulated stablecoin
- Issued by Banking Circle S.A
- Pegged 1:1 to the Euro, backed 1:1 by cash in Euros
- Available 24/7
- An ERC-20 token on the Ethereum Blockchain
- A BEP-20 token on the BNB Smart chain
- Fully redeemable at no fee
EURI is one of the first MiCA regulated EURO stablecoins
Customer funds are safe
Bankruptcy remote with segregated funds
Funds are bankruptcy remote in the event of an insolvency of Banking Circle S.A.
All customer funds that are received by Banking Circle as fiat currency for the purchase of the EURI, will be segregated in another account, separate from Banking Circle’s own assets, in accordance with the 2003 Act (the “Safeguarded Customer Funds”).
This means that the Safeguarded Customer Funds are only used for specific purposes and are protected if Banking Circle goes bankrupt. If the stability of EURI is threatened, the holders of EURI will be recognised as the beneficiaries of the Safeguarded Customer Funds.
Trusted Attestation and audited smart contract
Built on blockchain technology
How EURI works
- Subject to successful KYC checks and completion of the onboarding process by Banking Circle S.A., a successfully onboarded institutional user (exchange, liquidity provider, or trading platform) subscribes to purchase EURI from Banking Circle S.A.
- The user can buy EURI, 1:1 by depositing Euro to Banking Circle’s bank account.
- Banking Circle mints new EURI equal to the Euro cash received and sends EURI to the institutional user’s wallet
- The institutional user can then make EURI available to be bought, sold, stored, transferred or traded with others, 24:7
- When EURI is returned to Banking Circle, the EURI will be burnt and the corresponding amount of Euro will be returned to the institutional user’s bank account.
EURI facilitates faster, safer and more efficient financial transactions
Means of Payment
for Digital-Assets
Use EURI for fast and efficient settlement of other digital-assets.
Managing volatility exposure
EURI is designed to be resistant to volatility. Pegged 1:1 and backed one for one by cash in Euros allows EURI to control its pricing stability.
Remittances
As an international payment solution, EURI removes the friction seen in traditional cross-border transactions. EURI allows fund transfers (subject to any applicable selling or distribution restriction) without delays or high fees.
Out of Hours Settlement
Blockchain technology enables 24/7 settlement of transactions. Financial market participants can use EURI as a settlement means outside of traditional banking hours.
Segregation of Customer funds
Safeguarded Customer Funds are only used for specific purposes and are protected if Banking Circle goes bankrupt.
Smart Contracts / Decentralised Finance
EURI can be used in smart contracts, allowing infinite use cases as innovations continues in the field of decentralized finance.
FAQ
What is a EURI token?
How does Eurite (EURI) work?
EURI will be issued as an ERC-20 token on the Ethereum (“ETH”) Blockchain and as a BEP-20 token on the BNB Smart Chain (“BSC”) blockchain which will be pegged to the Euro on a 1:1 basis.
EURI will be issued at par value (i.e. 1 EUR for every EURI) on the receipt of funds from subscribers
How can I buy Eurite (EURI)?
EURI will be offered on major digital asset trading platforms. Currently, EURI is available on Binance at https://binance.com. We will announce other major exchanges as EURI lists on them.
Is the smart contract audited?
Is the issuer of Eurite (EURI) Token regulated?
Yes, the issuer of Eurite (EURI) Token, Banking Circle SA, is regulated in Luxembourg and has been granted authorisation as a credit institution under point (1) of Article 4(1) of Regulation (EU) No 575/2013, (Bank number LUB00000408). The issuer is under the supervision of the Luxembourg Commission for the Financial Sector (CSSF).
Who should I contact for business development or co-operation opportunities?
Please contact our business development leads at info@eurite.com
Can I redeem my tokens?
What blockchains does Eurite (EURI) run on?
Does Eurite have a social media page?
Please be aware that @eurite_BC on X, https://x.com/eurite_bc is the ONLY official social media account for all EURI communications. We do not have a Telegram channel and all profiles claiming to represent us are fraudulent and should not be trusted. Stay safe and do not engage.