Monerium EURe PriceEURE

What is Monerium EURe (EURE)?

Monerium EURe (EURE) is a regulated e-money token that represents the value of one euro onchain. Issued by Monerium hf., a company registered in Iceland, EURe is described as "the first onchain euro" and is designed to power fast, cheap, and global payments. The token is fully authorized and regulated, operating as an electronic money token (EMT) under the European Union's Markets in Crypto-Assets (MiCA) regulation. Each EURe token is backed 1:1 by an equivalent amount of euros held in segregated bank accounts or invested in high-quality liquid assets, with Monerium stating that each token is backed by over 100% in high-quality liquid assets. EURe launched in November 2019; it was listed on CoinMarketCap in July 2022. EURe is primarily issued on Ethereum as an ERC-20 token, with multi-chain support extending to Gnosis, Polygon, Arbitrum, Base, Linea, Scroll, Noble, and Camino. The project bridges traditional fiat currency with the web3 ecosystem by providing a regulated euro stablecoin that integrates tightly with SEPA banking infrastructure.

Key Specifications & Tokenomics

• Name: Monerium EURe
• Ticker / Symbol: EURE
• Issuer: Monerium hf., an authorized and regulated Electronic Money Institution (EMI)
• Blockchain Platform: Ethereum (primary); also live on Gnosis, Polygon, Arbitrum, Base, Linea, Scroll, Noble, and Camino
• Token Standard: ERC-20 and ERC-2612 (permit); source code is published at https://github.com/monerium/smart-contracts
• Ethereum Contract Address: 0x39b8b6385416f4ca36a20319f70d28621895279d
• Polygon Contract Address: 0xE0aEa583266584DafBB3f9C3211d5588c73fEa8d
• Gnosis Contract Address: 0x420CA0f9B9b604cE0fd9C18EF134C705e5Fa3430
• Token Classification: E-money token (EMT) under MiCA
• Backing: 1:1 with euros held in segregated accounts or high-quality liquid assets
• Total Supply: Dynamic — EURe is minted and burned on demand as euros enter or leave the system, so supply changes continuously
• Launch Year: 2019
• Official Website: https://monerium.com/

Who created Monerium EURe?

Monerium was founded in 2015 by a team with backgrounds in central banking, finance and cloud services, financial regulation and compliance, and cryptocurrency. In 2019, Monerium became the first company to receive an EMI license, enabling it to issue e-money on blockchain networks. The company describes itself as "founded by crypto OGs and repeat entrepreneurs." Sveinn Valfells is referenced as Co-founder and Chair of Monerium. The project has attracted backing from notable investors including Taavet+Sten, Crowberry Capital, ConsenSys, and Algorand, along with several entrepreneurs and early investors. Monerium closed a seed funding round led by Crowberry Capital and ConsenSys, which enabled the company to expand its capabilities and enhance its offerings in the digital currency market. Detailed public information about the full team roster is currently limited.

How does Monerium EURe work?

Monerium EURe operates through a regulated issuance and redemption mechanism. To mint EURe, users must create an account with Monerium, which involves completing comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. Once these checks are completed, users can fund their accounts with euros via bank transfer. The equivalent amount of EURe tokens is then minted and transferred to the user's blockchain wallet address. A key feature is the Web3 IBAN, which allows users to receive a dedicated IBAN and send or receive euros between any offchain bank account and onchain web3 wallet. Euros sent to a Web3 IBAN are automatically converted into EURe tokens onchain, while EURe sent from a wallet is automatically deposited as euros in the chosen bank account. Monerium also provides developer-friendly APIs and a whitelabel solution that enables businesses to embed regulated euro accounts and SEPA payments under their own brand, with each customer receiving a dedicated IBAN and on-chain address. Monerium states that its token smart contracts have been audited by independent security firms; audit references are published in Monerium's documentation.

What makes Monerium EURe unique and valuable?

Monerium EURe distinguishes itself through its regulatory compliance and legal clarity. Monerium operates as an authorized and regulated Electronic Money Institution (EMI) compliant with EU e-money rules and MiCA, providing legal clarity for users' funds within the European Economic Area. This provides legal clarity and security for users' funds within the European Economic Area. The project positions EURe as "the most decentralized form of fiat currency that exists" and addresses the historical neglect of euro-backed tokens compared to the abundance of USD-backed options. Monerium positions EURe as the "#1 authorized Euro stablecoin" and emphasizes the legal clarity of issuing under an EMI licence and MiCA. Additionally, the tight integration with SEPA banking infrastructure enables seamless movement between traditional bank accounts and blockchain wallets. EURe is available on multiple public blockchains, including Ethereum, Gnosis, Polygon, Arbitrum, Base, Linea, Scroll, Noble, and Camino. This enhances its accessibility and utility, while compliance tooling from Elliptic provides live transaction screening and cross-chain monitoring for safer operations. As with any stablecoin, EURe carries residual risks, including market instability, potential cybersecurity threats, and legal uncertainties tied to evolving regulations, as noted by Monerium's CEO.

What is Monerium EURe used for?

Monerium EURe serves multiple practical purposes within both traditional finance and the web3 ecosystem. Its primary utility is payments and remittances, enabling fast, secure, and low-cost transactions across borders. Users can send money from a crypto wallet to an IBAN, trigger SEPA transfers from wallet transactions, and automate settlement processes. EURe is also used for managing onchain treasury positions and engaging with decentralized finance applications. The token facilitates moving money across borders by bridging bank accounts and blockchain wallets through the Web3 IBAN system. For businesses, EURe supports automating low-cost cross-border payment flows, from account management services to global payrolls. Card issuers and fintechs can use EURe to settle with payment networks, as demonstrated by the Gnosis Pay case study on settling with Visa using stablecoins. The token also enables developers to build custom payment solutions with built-in fiat on-off-ramps.

How Is the Monerium EURe ecosystem developing?

The Monerium EURe ecosystem has been expanding through strategic partnerships and integrations. Safe and Gnosis Chain are cited as examples where a SEPA transfer can be triggered from a Safe transaction on Gnosis Chain. The ecosystem includes integrations with Gnosis Chain, Curve Finance, ParaSwap, and Jarvis Network. Community commentary cited by Monerium describes moving from a bank-account euro balance to USDC in under 60 seconds with no fees on Polygon, via Monerium, Curve Finance, ParaSwap, and Jarvis Network. Monerium has also partnered with Elliptic for compliance tooling, providing live transaction screening and cross-chain monitoring. The project continues to expand its blockchain support, with the company stating its intention to add more blockchains in due course. Monerium provides extensive developer resources including API documentation, a sandbox environment, and whitelabel solutions. Monerium maintains an active blog and has published a MiCA crypto-asset white paper for EURe at https://monerium.com/whitepapers/eure-whitepaper.xhtml. Community engagement is supported through platforms including Twitter, LinkedIn, and GitHub, with a Dune Dashboard available for onchain analytics.

How to mine Monerium EURe?

Monerium EURe cannot be mined because it is not a cryptocurrency that relies on proof-of-work or proof-of-stake consensus mechanisms. Instead, EURe is issued through a regulated minting process. To obtain EURe, users must create an account with Monerium by completing comprehensive KYC and AML checks. Once verified, users fund their accounts with euros via bank transfer, and the equivalent amount of EURe tokens is minted and transferred to their blockchain wallet address. This process ensures that every EURe token in circulation is backed 1:1 by euros held in segregated accounts or high-quality liquid assets. There is no mining, staking, or yield-generating mechanism native to EURe itself, as it functions purely as a regulated e-money token designed to maintain a stable value relative to the euro.

How to keep your Monerium EURe Coin safe?

Keeping EURe safe involves both onchain security practices and understanding the regulatory protections in place. Because EURe is an ERC-20 token available on multiple blockchains, users should store their tokens in compatible wallets that support the relevant networks, such as Ethereum, Arbitrum, or Gnosis. For long-term storage, hardware wallets provide an additional layer of security by keeping private keys offline. Users should always verify contract addresses before interacting with any token, using the official Ethereum contract address 0x39b8b6385416f4ca36a20319f70d28621895279d. Since Monerium is a regulated Electronic Money Institution, EURe holders benefit from legal protections within the European Economic Area, and the token is backed by over 100% in high-quality liquid assets held in segregated accounts. Monerium also employs Elliptic's tools for live transaction screening and cross-chain monitoring, adding an extra layer of compliance and safety. Users should remain vigilant against phishing attempts and only interact with official Monerium platforms and documentation.