All About EURe: The Regulated Euro-Backed E-Money Token by Monerium

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Key Takeaways

• Regulated euro e-money token (EMT) issued by Monerium EMI ehf.
• Backed 1:1 by euros in separate, safeguarded accounts.
• Compliant with MiCA (Regulation 2023/1114) and supervised by the Central Bank of Iceland.
• Available on Ethereum, Polygon, and Gnosis networks.
• Fully redeemable in EUR via SEPA at par value.
• Transparent, auditable, and non-interest-bearing.

Quick Summary

EURe brings the euro on-chain safely and legally, ensuring full transparency and MiCA-level protection for individuals and institutions.

What Is EURe?

EURe is a regulated e-money token (EMT) issued by Monerium EMI ehf. Each token is fully backed 1:1 by euros held in protected accounts, allowing users to send, receive, and redeem digital euros on Ethereum, Polygon, and Gnosis, all under the EU MiCA regulation framework.

Its main goal is to enable instant, borderless euro transactions while maintaining full compliance with European financial regulations.

Unlike algorithmic or crypto-collateralized stablecoins, EURe’s value never fluctuates, as it’s entirely backed by fiat euros and issued by a licensed institution.

What Is EURe?

EURe is a regulated digital euro that functions as electronic money on blockchain networks. Each token equals one euro, backed by funds held securely in segregated bank accounts or high-quality liquid assets (HQLA).

Its main goal is to enable instant, borderless euro transactions while maintaining full compliance with European financial regulations.

Unlike algorithmic or crypto-collateralized stablecoins, EURe’s value never fluctuates, as it’s entirely backed by fiat euros and issued by a licensed institution.

Who Issues EURe?

EURe is issued by Monerium EMI ehf, a licensed electronic money institution headquartered in Reykjavík, Iceland. The company is regulated by the Central Bank of Iceland and authorized under Directive 2009/110/EC to issue e-money across Europe.

Monerium was the first company worldwide authorized to issue e-money on blockchain networks, pioneering the concept of regulated on-chain euros.

How EURe Works

EURe is created and redeemed through a transparent mint-and-burn mechanism that ensures 1:1 parity with the euro at all times.

When a user sends euros to Monerium:

• New EURe tokens are minted and issued to the user’s blockchain address.

When a user redeems:

• The EURe tokens are burned, and the same amount of euros is sent back via SEPA.

This ensures the circulating supply of EURe always matches the real euros held in Monerium’s accounts.

Technical Standards

• Token Type: ERC-20 and ERC-2612
• Networks: Ethereum, Polygon, Gnosis
• Audits: Conducted by Ackee Blockchain a.s.
• Open Source: github.com/monerium/smart-contracts
  
• Transparency: On-chain supply visible in real time

Regulation and Legal Protection

EURe is an E-Money Token (EMT) as defined under MiCA (Art. 3(1)(7)), which sets strict requirements for consumer safety and financial transparency.

This regulation ensures:

• Each token is fully backed 1:1 by euros in segregated accounts.
• Funds are protected from Monerium’s creditors.
• Users can redeem EURe at any time, at face value.
• Monerium cannot offer interest or returns on holdings.
• All activity is monitored by the Central Bank of Iceland.

If Monerium ever became insolvent, EURe holders have legal priority over safeguarded funds under the Icelandic Bankruptcy Act No. 21/1991.

In short: EURe gives users the safety of regulated electronic money and the flexibility of crypto.

Redemption Process

Redeeming EURe for euros is simple and transparent.

1. Open or log in to your Monerium account.
2. Complete standard KYC/AML verification.
3. Request redemption and send EURe tokens to Monerium.
4. Monerium burns the tokens and transfers euros to your SEPA account.

This process ensures compliance with both financial regulations and anti-money laundering laws, while keeping the user experience smooth and fast.

Technology and Blockchain Networks

EURe is available on three major public blockchains, enabling interoperability with both DeFi and traditional finance systems.

You can track the token supply at:

• Etherscan
  
• Polygonscan
  
• Gnosisscan
  

Transparency and Reporting

Monerium publishes real-time data on EURe’s supply and reserve backing.

Reserves are held in European financial institutions and verified through regular audits to ensure full compliance with MiCA.

This transparency allows anyone to verify that total tokens in circulation always match total euros held.

Risks and Limitations

EURe is one of the safest euro-backed tokens, but users should remain aware of potential risks:

Despite these risks, EURe remains one of the most transparent and compliant euro tokens available today.

EURe vs. Other Euro Stablecoins

Why EURe Matters

EURe represents a major step in the evolution of money.

It merges European regulatory trust with blockchain efficiency, creating a safer foundation for digital finance.

It allows companies, developers, and users to interact in programmable euros, without losing compliance or consumer protection.

Holding EURe is like having euros in a secure digital wallet, spendable on-chain, but still legally protected by EU law.

Use Cases for EURe

EURe fits perfectly for both personal and institutional use.

• Cross-border payments: Move euros instantly across Europe.
• DeFi protocols: Provide regulated euro liquidity on-chain.
• Business settlements: Automate payroll or B2B payments.
• Treasury management: Keep corporate reserves in stable euro form.
• Retail payments: Accept or send digital euros seamlessly.

With Bleap, users can hold and send EURe alongside other stablecoins, maintaining a 1:1 backed, MiCA-compliant euro balance.

FAQs About EURe

What is EURe?

EURe is a MiCA-regulated e-money token backed 1:1 by euros and issued by Monerium EMI ehf.

Is EURe a stablecoin?

Yes, but unlike typical stablecoins, EURe is legally recognized as electronic money, giving users redemption rights and legal protection.

Can I redeem EURe for euros?

Yes. You can burn EURe and receive euros via SEPA, provided your Monerium account is verified.

Which networks support EURe?

Ethereum, Polygon, and Gnosis.

Is EURe interest-bearing?

No. EURe must remain non-interest-bearing under MiCA to preserve its 1:1 peg.

How is EURe different from EURC or EURI?

EURe is fully regulated and fiat-backed, while EURC is US-based and EURI is DeFi-native.

Conclusion

EURe bridges the gap between traditional finance and decentralized finance, bringing the euro to the blockchain safely, transparently, and legally.

It’s fully backed, fully regulated, and fully redeemable, offering both trust and usability for users, businesses, and developers alike.

Compare the top euro tokens and start using EURe securely with Bleap