StablR Euro price

EURR

#4975

Founded by Gijs Op de Weegh, with 20+ years of Fintech experience and 18 years in payments, building a EUR 100M+ revenue company before, complemented with a knowledgeable and experienced team with extensive background in the world of Fintech, Payments and IT-Development combined with a deep regulatory knowledge. https://www.stablr.com/about-us/

StablR believes in creating a regulatory compliant and transparent stablecoin, leveraging the benefits of blockchain technology, and keeping the stablecoin pegged to its fiat currency equivalent assuring stability and providing trust.

StablR uses cutting-edge dMPC technology on a Layer 2 network to secure the private keys of the StablR Euro smart contract, governing the control of issuing StablR Euro (EURR). This helps to protect the smart contract and EURR tokens from hacking or other security threats and ensure that StablR maintains full control over the minting and burning of StablR Euro (EURR).

Additionally, StablR is valuing maximum transparency towards the market by bringing it’s EURR reserves on-chain on a daily basis via a third-party auditor and the decentralized oracle network of Chainlink.

Beyond securing its smart contract governance and trusting the reliability of EURR towards its Euro peg, the token is built based on the ERC-20 standard. Any security incidents forthcoming breaches in this token standard affect all tokens utilising this standard.