Eurite token
Overview
EURI, marketed under the name Eurite, is a euro-pegged stablecoin from Banking Circle, a payments bank based in Luxembourg that operates under EU supervision. The token is described as among the earliest euro stablecoins to comply with the European Union's Markets in Crypto-Assets (MiCA) framework, offering a fiat-linked digital asset that settles on blockchain networks. Banking Circle intends the instrument for settling cross-border payments, moving funds internationally, and connecting traditional banking infrastructure with Web3 platforms.
Within The Counterparty graph, Eurite connects to 6 tracked entities, most strongly to Ethereum, BSC, Banking Circle.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | BSC | 95% |
issued_by | Banking Circle | 95% |
complies_with | MiCA E-Money Token regime | 90% |
backed_by | EUR Cash Deposits | 90% |
deployed_on | BNB Chain | 85% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
Who issues EURI?
EURI is issued by Banking Circle, a payments bank registered in Luxembourg.
Is EURI regulated?
Yes. The stablecoin is described as one of the first euro-denominated digital assets issued under the European Union's MiCA regulation.
What is EURI used for?
EURI supports cross-border payment settlement, facilitates the movement of funds on blockchain networks, and serves as a bridge between traditional banking and Web3 applications.