Eurite price

EURI

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EURITE (EURI) stands out as a stablecoin meticulously designed to maintain a 1:1 peg with the Euro. Issued by Banking Circle S.A, a regulated credit institution in Luxembourg, EURITE operates under the stringent regulatory framework of the European Union's Markets in Crypto-Assets (MiCA) regulation. This ensures a high level of compliance and security for users.

The issuance of EURITE is facilitated through both the Ethereum (ERC-20) and BNB Smart Chain (BEP-20) blockchains, providing flexibility and accessibility across different blockchain ecosystems. Each EURI token is issued at par value, meaning 1 EUR for every EURI, upon receipt of funds from holders. This mechanism ensures that the stablecoin remains pegged to the Euro, offering stability in a volatile market.

Banking Circle S.A ensures that funds backing EURI are bankruptcy remote, safeguarding holders' assets even in the event of the issuer's insolvency. The smart contract governing EURITE has been audited by PeckShield, adding an extra layer of security and trust.

EURITE also offers efficient payment solutions, managed volatility exposure, and out-of-hours settlement, making it a versatile tool for various financial operations. Treasury management is another key feature, allowing businesses to manage their funds effectively. The stablecoin is available on major digital asset trading platforms, enhancing its liquidity and usability.

The technology behind EURITE (EURI) is a fascinating blend of blockchain innovation and regulatory compliance, designed to offer stability and ease of use. At its core, EURITE operates on both the Ethereum and BNB Smart Chain blockchains, utilizing the ERC-20 and BEP-20 protocols, respectively. This dual-chain approach ensures that EURI benefits from the robust security and widespread adoption of these two major blockchain networks.

One of the standout features of EURITE is its status as a regulated e-money token, also known as a stablecoin. This means that each EURI token is pegged to the Euro (EUR) on a 1:1 basis, providing the stability of conventional fiat currencies while leveraging the advantages of blockchain technology. The issuance of EURI is managed by Banking Circle S.A, a credit institution authorized under the supervision of the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). This regulatory oversight ensures that the token adheres to the stringent requirements of the Markets in Crypto-Assets Regulation (MiCA).

Security is a paramount concern in the blockchain world, and EURITE addresses this through several mechanisms. The Ethereum and BNB Smart Chain blockchains employ decentralized networks of nodes that validate transactions, making it extremely difficult for bad actors to manipulate the system. These blockchains use consensus algorithms like Proof of Stake (PoS) and Proof of Authority (PoA), which require validators to stake their own tokens or be pre-approved, adding an extra layer of security against attacks.

In the event of an insolvency of Banking Circle S.A, the funds backing EURI tokens are bankruptcy remote. This means that the funds are protected and cannot be claimed by creditors, ensuring that the value of EURI remains stable and secure for its holders. Additionally, top-tier auditors regularly attest that the tokens in circulation are backed 1:1 by actual Euros, providing transparency and trust to the users.

The team behind EURITE comprises experienced leaders in enterprise software, with a strong focus on innovation and community engagement. This expertise ensures that the technology continues to evolve and adapt to the changing landscape of the cryptocurrency world. The use of smart contracts on both the Ethereum and BNB Smart Chain blockchains allows for automated, transparent, and tamper-proof transactions, further enhancing the reliability and efficiency of the system.

Moreover, the integration of ERC-20 and BEP-20 protocols means that EURI can be easily traded and used across a wide range of decentralized applications (dApps) and platforms. This interoperability is crucial for the adoption and utility of the token, making it accessible to a broader audience. The combination of regulatory compliance, advanced blockchain technology, and a strong focus on security and transparency positions EURITE as a robust and reliable stablecoin in the cryptocurrency market.

EURITE (EURI) is a stablecoin designed to maintain a 1:1 peg with the Euro, providing a reliable and stable digital currency for various applications. Issued by Banking Circle S.A. and regulated by the Luxembourg Commission de surveillance du secteur financier (CSSF), EURI is built on both the Ethereum (ERC-20) and BNB Smart Chain (BEP-20) blockchains.

One of the primary real-world applications of EURITE is its use in international payments. As a stablecoin, EURI facilitates 24/7 settlement of transactions, making cross-border payments faster and more efficient compared to traditional banking systems. This is particularly beneficial for businesses and individuals who need to transfer funds across different countries without the delays and high fees associated with conventional methods.

EURITE also plays a significant role in decentralized finance (DeFi). It can be used in smart contracts to automate financial transactions, such as lending, borrowing, and trading, without the need for intermediaries. This not only reduces costs but also increases transparency and security in financial operations.

Additionally, EURITE can be purchased on major digital asset trading platforms, making it accessible for a wide range of users. Its regulatory compliance under the Markets in Crypto-Assets Regulation (MiCA) ensures that it meets stringent financial standards, providing users with confidence in its stability and reliability.

Funds backing EURI are bankruptcy remote, meaning they are protected in the event of an insolvency of Banking Circle S.A. This adds an extra layer of security for users, ensuring that their assets remain safe even in adverse financial situations.

EURI's issuance is attested by top-tier auditors, ensuring that the tokens in circulation are backed 1:1 by Euros. This transparency and accountability make EURITE a trustworthy option for those looking to engage in digital asset transactions or participate in the growing DeFi ecosystem.

Eurite Euro Token (EURI) stands as a notable stablecoin in the cryptocurrency landscape, pegged to the Euro at a 1:1 ratio. Its journey is marked by several pivotal events that have shaped its current standing.

EURI is issued by Banking Circle S.A., a credit institution authorized under the supervision of the Luxembourg Commission de surveillance du secteur financier (CSSF). This authorization ensures that EURI adheres to stringent regulatory requirements, providing a robust foundation for its operations. The issuance of EURI as both an ERC-20 token on the Ethereum blockchain and a BEP-20 token on the BNB Smart Chain underscores its versatility and commitment to leveraging established blockchain technologies.

A significant milestone for EURI was its regulation under the Markets in Crypto-Assets Regulation (MiCA) within the European Economic Area (EEA). This regulatory framework is designed to provide legal certainty and consumer protection, positioning EURI as one of the first stablecoins to comply with MiCA regulations. This compliance ensures that EURI maintains stability and transparency, crucial for fostering trust among users and investors.

Banking Circle S.A. has implemented measures to ensure the security and reliability of EURI. Funds received from EURI holders are pegged at par value, meaning 1 EUR for every EURI issued. These funds are segregated and bankruptcy remote, providing an additional layer of security in the event of Banking Circle S.A.'s insolvency. This structure is attested by top-tier auditors, ensuring that tokens in circulation are backed 1:1 by the corresponding Euro reserves.

EURI's availability on major digital asset trading platforms, such as Binance, marks another key event in its timeline. Listing on Binance allows EURI to be traded against other prominent cryptocurrencies like BTC and USDT, with zero fees, enhancing its liquidity and accessibility. This listing not only broadens EURI's reach but also integrates it into the broader cryptocurrency ecosystem, facilitating seamless transactions and exchanges.

The issuance of EURI by Banking Circle S.A. and its subsequent regulatory compliance under MiCA have established a strong foundation for its operations. These events highlight EURI's commitment to maintaining stability, security, and transparency, essential attributes for any stablecoin aiming to gain widespread acceptance and trust in the cryptocurrency market.

EURITE (EURI) stands out in the cryptocurrency landscape, issued by Banking Circle S.A. and adhering to the regulatory framework of the Markets in Crypto-Assets Regulation (MiCA). Banking Circle S.A., authorized as a credit institution under the Luxembourg Commission de surveillance du secteur financier (CSSF), plays a pivotal role in the creation and issuance of EURI.

Bill Longman, with extensive experience in application development, system integration, and network technologies, is also associated with EURITE, though his primary focus has been on European-style cabinets. This diverse background contributes to the multifaceted nature of the EURITE project.