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.

When does EUROe launch?

EUROe is expected launch in Q1, 2023. You can join our waitlist and get access to EUROe prior to public launch.

Is EUROe regulated?

EUROe is regulated as an E-Money Payment Institution by the Finnish Financial Supervisory Authority in Europe. You can confirm Membrane Finance Oy's regulatory status against the Fin-FSA database here.

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 significant outflow of funds, we maintain at least 40% of 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.

Who can use EUROe?

Anyone can transact with EUROe on supported public blockchains. EUROe can also be integrated to various applications and may be powering your money transactions without any action needed from you.

Which networks are supported?

We first launch on Ethereum with planned support for an increasing number of blockchains. If you'd like to use EUROe in your application, please get in touch so we can prioritise our development work accordingly.