Monerium EUR emoney [OLD]

EURE Price

About Monerium EUR emoney [OLD] (eure)

Monerium EUR emoney [OLD] is a regulated stablecoin designed to provide a digital, on-chain representation of the Euro for seamless integration between traditional and decentralized financial systems.

• The project is authorized under European financial regulations to issue e-money as programmable tokens on blockchain networks.
• It features a direct gateway that enables instant transfers of value between traditional bank accounts and blockchain wallets.
• The token is designed for broad compatibility across multiple Layer 1 and Layer 2 environments, including Ethereum and Polygon.

What Is Monerium EUR emoney [OLD]

Monerium EUR emoney [OLD] serves as a digital equivalent of the Euro, issued by a regulated financial entity. Its primary value proposition is the creation of a legally recognized bridge between the Eurozone's banking infrastructure and public blockchains. By representing fiat currency as a programmable asset, it allows users to utilize the Euro within a variety of decentralized applications and automated financial workflows.

Value moves through the system via a mint-and-burn mechanism managed by the issuer. When a user deposits Euro into a designated bank account, the corresponding amount of eure is minted and sent to their blockchain wallet. Conversely, when a user wishes to exit the ecosystem, the tokens are burned, and the equivalent fiat value is transferred back to their traditional bank account. This integration allows the token to scale alongside the growth of the cross-chain ecosystem, providing a stable unit of account for users and developers alike.

What Makes Monerium EUR emoney [OLD] Unique

• Regulatory Compliance: Monerium is the first company authorized to issue money on blockchains under European financial regulation, providing a high level of legal certainty for users.
• IBAN Connectivity: The platform provides users with a personal International Bank Account Number (IBAN) that is directly linked to their blockchain wallet, facilitating frictionless fiat-to-crypto on-ramps and off-ramps.
• Multi-Chain Architecture: The token is deployed across several major networks, ensuring high accessibility and choice for users seeking to interact with different decentralized ecosystems.

What Can You Use Monerium EUR emoney [OLD] for?

Monerium EUR emoney [OLD] is pegged to the Euro. Its primary use cases include:

1. Value retention: The asset allows users to hold a digital, on-chain representation of the Euro, which may reduce exposure to the high volatility often found in the broader cryptocurrency market.
2. Yield generation: Users can participate in decentralized lending and liquidity provisioning across various stablecoin pools, earning protocol service fees for providing liquidity to the network.
3. Cross-border settlement / value transfer: The token enables international remittances and global trade by allowing for the frictionless cross-border transfer of Euro value with the speed and finality of blockchain transactions.
4. Collateralization: It can be used as high-quality backing for borrowing and lending protocols or as margin for decentralized derivative products.

How Does Monerium EUR emoney [OLD] Work?

Monerium EUR emoney [OLD] operates as a standard programmable token, primarily following the ERC-20 standard on Ethereum and compatible Layer 2 networks like Polygon. The system relies on a centralized issuer that maintains full reserves of the Euro to back every circulating token. When a transaction is initiated, the underlying blockchain handles the transfer and settlement, while the issuer ensures the legal and financial parity with the physical currency.

As an application utility token, eure does not serve as network gas; instead, transaction fees on the underlying networks are paid in their respective native assets. It is important to note that this specific contract address represents an older version of the token, as the project has since migrated to an updated v2 contract architecture to enhance functionality and security.

Team Info and Investors

Monerium was founded by a team of entrepreneurs and early cryptocurrency adopters with backgrounds in traditional finance and blockchain technology. The project has secured backing from several prominent venture capital firms and industry leaders, including Taavet+Sten, Crowberry Capital, ConsenSys, and Algorand. The governance of the token issuance is strictly managed by Monerium in accordance with its regulatory authorizations as an e-money institution.

Where can you buy Monerium EUR emoney [OLD]?

EURE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Monerium EUR emoney [OLD] is Curve (Gnosis), where the most active trading pair X3CRV/EURE has a trading volume of $149,221.42 in the last 24 hours. Other popular options include Curve (Ethereum) and Oku Trade (Gnosis).

What is the daily trading volume of Monerium EUR emoney [OLD] (EURE)?

The trading volume of Monerium EUR emoney [OLD] (EURE) is $553,459.66 in the last 24 hours, representing a 56.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Monerium EUR emoney [OLD] (EURE)?

Monerium EUR emoney [OLD] (EURE) reached an all-time high of $1.21 and an all-time low of $0.9520. It’s now trading -7.30% below that peak and 17.90% above its lowest price.

What is the market cap of Monerium EUR emoney [OLD] (EURE)?

Market capitalization of Monerium EUR emoney [OLD] (EURE) is $22,792,159 and is ranked #757 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EURE tokens (20 Million tokens are tradable on the market today).

What is the fully diluted valuation of Monerium EUR emoney [OLD] (EURE)?

The fully diluted valuation (FDV) of Monerium EUR emoney [OLD] (EURE) is $22,792,159. This is a statistical representation of the maximum market cap, assuming total number of 20 Million ETH tokens are in circulation today.

How does the price performance of Monerium EUR emoney [OLD] compare against its peers?

With a price increase of 0.50% in the last 7 days, Monerium EUR emoney [OLD] (EURE) is outperforming the global cryptocurrency market which is down -2.10%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -1.60%.

How to add Monerium EUR emoney [OLD] (EURE) to MetaMask?

Adding Monerium EUR emoney [OLD] (EURE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EURE as a token. You can copy EURE’s contract address (0x3231cb76718cdef2155fc47b5286d82e6eda273f) and import it manually, or if you've installed MetaMask's chrome extension, add EURE to MetaMask with one click on CoinGecko.

Add EURE to MetaMask.