Binance Announces Listing of EURI Stablecoin, Aligned with EU MiCA Regulations

Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of Eurite (EURI), a Euro-pegged stablecoin regulated by the European Union’s Markets in Crypto-Assets (MiCA).

Trading for the new EUR/EURI and EURI/USDT trading pairs will begin on August 28, 2024, at 10:00 UTC, and will be accompanied by a zero-fee promotion, encouraging users to take advantage of this new addition at a more cost-effective price.

What is EURI?

Eurite (EURI) is a stablecoin developed by Banking Circle S.A., a Luxembourg-based financial institution. It is fully backed by euros, ensuring that each EURI token is equivalent to one euro. EURI operates on both the Ethereum blockchain (as an ERC-20 token) and the Binance Smart Chain (as a BEP-20 token), offering flexibility and accessibility for financial transactions.

Why Is This Important?

The introduction of EURI marks a significant step forward in Binance’s strategy to support stablecoins that strictly comply with EU regulatory standards. MiCA establishes uniform standards for issuers and crypto asset service providers in Europe, aiming to enhance consumer protection and market integrity.

In addition, Binance is focused on ensuring that all stablecoins listed on its platform are MiCA-compliant by June 2024, promoting a safer and more regulated trading environment for its users.

Opportunity for Users

With the listing of EURI, Binance offers its users in Europe the possibility of trading with zero fees during the promotional period, which could represent an excellent opportunity for those seeking greater efficiency and security in their transactions.