Frequently Asked Questions about EUROe
What is EUROe?
EUROe is a fiat-backed Euro stablecoin and e-money. It is a modern European alternative to legacy money, such as bank deposits and wire payments. It can be used across various public & private blockchains and applications to move, transact, store, and program money movements. EUROe is fast, inexpensive, transparent, and programmable.
Who can use EUROe?
Anyone can transact with EUROe on supported public blockchains. EUROe can also be integrated into various applications and may power your money transactions without any action needed from you.
Which networks are supported?
EUROe is available on Arbitrum One, Avalanche, Ethereum, Polygon, and Solana in addition to various testnets with planned support for an increasing number of blockchains. For more information about supported networks, please refer to the EUROe Developer Portal. If you'd like to use EUROe in your application, please get in touch so we can prioritise development work accordingly.
Regulation and accounting
Is EUROe regulated?
Please see licencing for more information
How fast is minting & redeeming EUROe?
The time from bank transfer to EUROe onchain and vice versa is mostly limited by the settlement times in the traditional banking system. Mints & redemptions generally take anywhere from 1 to 3 day business days. To learn more about the minimum redemption times, please refer to the finality section of our Developer documentation.
How much does using EUROe cost?
Please refer to the pricing -page.
What is the EUROe blocklisting policy?
EUROe aims to avoid blocklisting whenever possible. However, as a regulated entity, EUROe reserves the right to blocklist addresses in extraordinary circumstances per the terms of the EUROe Access Denial Policy.
Where can I get EUROe?
Please see the Get EUROe -page for a list of compatible venues.
How is the collateral invested?
All EUROe tokens issued and outstanding are backed by at least an equivalent value of Euro-denominated assets subject to prudential supervision and reserve management policies that are designed to meet or exceed demands for EUROe in circulation. At any time, EUROe reserves may be composed of:
- 1) Fiat Euro deposits at certified European depositary institutions; and
- 2) Secure and low-risk debt securities that are readily convertible to known amounts of cash and have a maturity less than one year from purchase.
To ensure sufficient liquidity in case of a significant outflow of funds, we maintain at least 40% of the total reserve in fiat deposits at all times and actively manage the duration of the debt portfolio to ensure quick access to additional liquidity when necessary.
For more information, please see the Transparency and Regulation -page.