Eurite

Built on blockchain technology and issued by Banking Circle S.A., Eurite (EURI) is a MiCA regulated EURO stablecoin designed to facilitate faster, safer, and more efficient financial transactions. As one of the first MiCA regulated EURO stablecoins, EURI ensures compliance with stringent EU standards, enhancing trust, credibility, and confidence for holders. This regulatory compliance also ensures consumer protection, transparency, and financial stability, reducing legal risks and promoting transparency and safety.

Eurite's technology is built on a 1:1 peg to the Euro, backed by cash in Euros, and available 24/7 as an ERC-20 token on the Ethereum Blockchain and a BEP-20 token on the BNB Smart Chain. The smart contract has been audited by PeckShield, ensuring that tokens in circulation are backed 1:1. Banking Circle's solutions are powered by the latest technology, with over 400 regulated businesses, financial institutions, and marketplaces using their services.

Eurite (EURI) facilitates faster, safer, and more efficient financial transactions, making it an ideal means of payment for digital-assets. It is designed to be resistant to volatility, with its pricing stability ensured by being pegged 1:1 to the Euro. EURI also removes the friction seen in traditional cross-border transactions, allowing fund transfers without delays or high fees. The token can be used in smart contracts, allowing infinite use cases as innovations continue in the field of decentralized finance.

Eurite (EURI) is issued by Banking Circle S.A., a fully licensed bank with Central Bank Clearing Rails and world-class APIs underpinning a next-generation financial technology platform. Banking Circle has processed over 550 billion Euros in payments volumes in 2023, and its solutions are used by more than 400 regulated businesses, financial institutions, and marketplaces. The issuer is under the supervision of the Luxembourg Commission for the Financial Sector (CSSF), ensuring that EURI is always backed by reserves on a 1:1 basis.

Eurite (EURI) has been listed on major digital asset trading platforms, with Binance being one of the first exchanges to list it. The token can be redeemed at any time and at par value, meaning that holders can request for Banking Circle to redeem (return) the EURI at EUR 1 per EURI, subject to satisfactory customer due diligence checks being carried out by Banking Circle S.A.