⏳What is the EURI stablecoin? The EURO stablecoin regulated by MiCA Eurite
📍Eurite is one of the first stablecoins linked to the EURO and regulated by MiCA. Issued by Banking Circle S.A., Eurite complements Banking Circle's existing payment systems.
⭐️Eurite is expected to play an important role in the new phase of the market, by complying with strict European Union standards, thereby enhancing the reputation and trust of its owners. Compliance with MiCA regulations not only helps protect consumers, but also ensures transparency, financial stability, while minimizing legal risks and enhancing market security.
❗️Eurite Euro Token (EURI) features are:
🔔Issued by Banking Circle S.A.
🔔Pegged 1:1 to EURO, backed by EURO cash
🔔Available for users 24/7
🔔EURI is an ERC-20 token on the Ethereum Blockchain and BEP-20 on the BNB Smart chain
🔔Completely convertible without fees
💰Binance exchange is expected to list EURI at 17:00 on August 28 and open withdrawals from 17:00 on August 29. Users on Binance can enjoy zero trading fees for EUR/EURI and EURI/USDT pairs, both in spot and margin mode (where available).
⚠️Regarding the risk of depeg, Banking Circle said that the company's product is designed to maintain stable prices, be able to serve long-term and continuous in transaction systems as well as minimize volatility for users.
