Introduction to EUROe Stablecoin
EUROe (EUROe Stablecoin) is a digital currency fully backed by the Euro, issued by the Finnish company Membrane Finance. As an EU-regulated electronic money, EUROe aims to provide a stable, transparent, and compliant Euro-denominated instrument for the digital assets market. Membrane Finance holds an EU-wide electronic money institution license issued by the Finnish Financial Supervisory Authority, ensuring that EUROe's operations comply with strict regulatory standards.
Key Features and Regulatory Mechanism
- Euro Collateral: Each EUROe is backed by at least 102% Euro-denominated assets, held by Membrane Finance, and redeemable by its customers at a 1:1 ratio for fiat Euros.
- EU Regulation: As electronic money, EUROe is strictly regulated by the Finnish Financial Supervisory Authority, which guarantees its compliance in the European market.
- Issuance and Redemption: The supply of EUROe is dynamic, changing with the issuance (minting) or redemption (burn) operations by Membrane Finance's customers. Currently, there are no fees for issuing or redeeming EUROe. Companies, foundations, and other legal entities can apply to become customers of Membrane Finance to directly mint and burn EUROe.
Ways to Acquire and Trade EUROe
For users looking to acquire or trade EUROe, there are several main avenues:
- Direct Acquisition from Issuer: Legal entities can directly apply to Membrane Finance to become customers for minting and burning EUROe. This is the official channel for acquiring large amounts of EUROe and ensuring 1:1 redemption for fiat Euros.
- Decentralized Exchanges (DEX): EUROe is available for trading on a growing number of decentralized exchanges. Users can connect a supported Web3 Wallet to exchange EUROe for other cryptocurrencies on these DEXs. As EUROe's trading market liquidity may be limited, please verify specific trading pairs and liquidity before trading.
As of the time of writing, public information does not confirm that EUROe has active trading pairs listed on major centralized exchanges. Some data platforms (such as Coinbase) show its market capitalization and circulating supply data, but platforms like Binance show its circulating supply and market capitalization as potentially zero or very low, indicating that it has not formed an active trading market on these platforms. Users are advised to verify the latest listing status and trading activity before attempting to trade.
Project Background and Support
Membrane Finance was founded by Juha Viitala in 2021. The EUROe project was incubated by Equilibrium, a core blockchain infrastructure builder, and received funding from seed-stage venture capital firm Maki.vc, demonstrating its background support in the blockchain and fintech sectors.
Market Data Overview
According to Coinbase data, as of the time of writing, EUROe's market capitalization is approximately $67,110, with a circulating supply of about 58,000 EUROE. Its fully diluted valuation is similar to its market capitalization, at approximately $67,110. EUROe has no maximum supply set, and its total supply is consistent with its circulating supply, at about 58,000 EUROE.
It is worth noting that different data sources may vary; for example, Binance shows EUROe's circulating supply and market capitalization as 0, while the fully diluted market capitalization is approximately $282,900. These discrepancies may reflect differences in data update timeliness, statistical methodologies, or actual trading activity on different platforms, and are for reference only.
