e-Money EUR PriceEEUR

What is e-Money EUR (EEUR)?

e-Money EUR (EEUR) is a fiat-collateralized stablecoin pegged to the Euro, operating primarily on the Osmosis blockchain within the Cosmos ecosystem. According to the project's positioning, e-Money stablecoins represent a further stage in the development of collateralized stablecoins, designed to avoid the drawbacks and inherent instability of algorithmic stablecoins. The token is collateralized in the same currency in which it is issued, meaning EEUR is backed by Euro-denominated reserves. The Osmosis asset page describes EEUR as audited and backed by fiat EUR deposits and government bonds. EEUR launched in 2017; it was listed on CoinMarketCap on November 4, 2021. The token has a total supply of approximately 480,873 EEUR. The project operates as a stablecoin within the Cosmos and Ethereum ecosystems.

Key Specifications & Tokenomics

• Name: e-Money EUR
• Ticker / Symbol: EEUR
• Blockchain / Platform: Osmosis (Cosmos ecosystem)
• Asset Type: Token (Osmosis)
• Category: Stablecoin, Cosmos Ecosystem, Ethereum Ecosystem
• Collateralization Model: Fiat-collateralized — backed by fiat EUR deposits and government bonds
• Total Supply: 480,873 EEUR
• Max Supply: 480,873 EEUR
• Circulating Supply: 0 EEUR per CoinMarketCap (Crypto.com lists 480,873 EEUR, equal to 100% of total supply).
• FDV: $37.2K (per CoinMarketCap)
• Mineable: No
• Contract (Osmosis): IBC/5973C068568365FFF40DEDCF1A1CB7582B6116B731CD31A12231AE25E20B871F
• Block explorer: https://www.mintscan.io/emoney
• Source code: https://github.com/e-money/
• Community: https://t.me/emoney_com ; https://twitter.com/emoney_com
• Official Website: https://www.e-money.com

Who created e-Money EUR?

Detailed public information about the founding team and organizational structure is not documented in the available references. The project's official website is https://www.e-money.com, with community channels on Twitter and Telegram; founding-team details are not provided in the cited references.

How does e-Money EUR work?

e-Money EUR operates as a fiat-collateralized stablecoin, meaning each EEUR token is backed by corresponding Euro-denominated reserves held in the form of fiat EUR deposits and government bonds. This collateralization model is designed to maintain a stable value relative to the Euro. The simplicity of this system, as described in the project's positioning, means that currency-backed stablecoins are highly efficient and liquid. EEUR primarily functions on the Osmosis blockchain within the Cosmos ecosystem, utilizing Inter-Blockchain Communication (IBC) protocol for cross-chain transfers. The Osmosis platform serves as the primary decentralized exchange for EEUR trading. According to the Osmosis asset page, EEUR is described as audited and backed by fiat EUR deposits and government bonds.

What makes e-Money EUR unique and valuable?

e-Money EUR distinguishes itself from other stablecoin models through its specific approach to collateralization. Unlike algorithmic stablecoins, which the project explicitly positions against due to their inherent instability, EEUR is collateralized in the same currency in which it is issued. This means the eEUR stablecoin is backed by Euro reserves rather than a basket of assets or algorithmic mechanisms. The project emphasizes that this simplicity results in highly efficient and liquid currency-backed stablecoins. According to the Osmosis asset page, EEUR is described as audited and backed by fiat EUR deposits and government bonds. Furthermore, EEUR is natively integrated into the Cosmos ecosystem via Osmosis, enabling interoperability through IBC protocol. This makes it particularly suitable for European cross-border payments, as noted in community guides.

What is e-Money EUR used for?

e-Money EUR functions as a euro-backed stablecoin designed for sending value, accessing decentralized tools, and participating in the e-Money ecosystem. Its primary utility lies in providing a stable digital representation of the Euro for use in cryptocurrency markets and decentralized finance applications. According to community guides, EEUR is particularly suitable for European cross-border payments, leveraging its fiat collateralization model to facilitate efficient value transfer. The token can be traded on the Osmosis decentralized exchange. It also serves as a stable unit of account within the Cosmos ecosystem, allowing users to denominate transactions and holdings in Euro terms. The token aims to empower individuals in the digital economy by providing a stable and accessible form of digital currency.

How Is the e-Money EUR ecosystem developing?

The e-Money EUR ecosystem is developing within the broader Cosmos and Ethereum ecosystems, with Osmosis serving as its primary platform. The project maintains an active presence on multiple blockchains, including Osmosis, through various contract addresses and IBC identifiers. Trading activity primarily occurs on the Osmosis decentralized exchange. EEUR is covered by market-data pages on CoinMarketCap, Coinbase, Binance, Crypto.com, Forbes, CoinLore, CryptoSlate, CoinSwitch and Gate; Gate notes it is not listed for trading there. It has been quoted as an EEUR/USDT pair. Community engagement is facilitated through social accounts on Twitter and Telegram, as well as community sections on platforms like CoinMarketCap and LiveCoinWatch. The project's website, e-money.com, serves as the central hub for information. The ecosystem also benefits from regulatory developments surrounding e-money tokens, including the MiCAR regulation and the E-Money Directive, which provide a legal framework for electronic money institutions in Europe. Under the EU framework, e-money tokens are regulated by MiCAR, and issuers under the German ZAG must issue at par value and redeem for legal tender at any time at par value, with BaFin licensing and fund-safeguarding requirements.

How to mine e-Money EUR?

e-Money EUR is not a mineable cryptocurrency. According to available data, the token is classified as non-mineable on both CoinMarketCap and CoinLore. This is consistent with its nature as a fiat-collateralized stablecoin, which does not rely on proof-of-work mining or proof-of-stake validation for its issuance. Instead, EEUR tokens are issued against Euro-denominated reserves held by the project. There is no mining or staking mechanism associated with the token's creation or distribution. Users acquire EEUR through trading on supported exchanges or decentralized platforms such as Osmosis. The token's value is maintained through its collateralization model rather than through network consensus rewards. As such, there are no mining rigs, staking pools, or validator requirements associated with e-Money EUR. EEUR is a fiat-collateralized stablecoin; it is not mined or staked. Tokens are issued against Euro-denominated reserves, and the underlying Osmosis chain secures transactions through its own proof-of-stake consensus.

How to keep your e-Money EUR Coin safe?

Keeping e-Money EUR safe involves standard cryptocurrency security practices adapted to its multi-chain nature. Since EEUR operates on Osmosis, users should ensure they use compatible wallets for each network. For Osmosis-based EEUR, wallets supporting Cosmos ecosystem assets are appropriate. Hardware wallets provide an additional layer of security by storing private keys offline. Users should always verify contract addresses when interacting with EEUR tokens, as multiple IBC identifiers and contract addresses exist across different chains. The token is described as audited, and its backing by fiat EUR deposits and government bonds adds a layer of trust. Use wallets that support Cosmos/IBC assets for Osmosis-based EEUR, and always verify the contract address before interacting. As with any cryptocurrency, users should never share private keys or seed phrases, and should exercise caution when interacting with decentralized applications. Keeping software wallets updated and using official sources for token information further enhances security.