Binance has announced the listing of Eurite (EURI), a stablecoin pegged to the Euro and regulated under the Markets in Crypto-Assets Regulation (MiCA) within the European Economic Area (EEA).
Listing Announcement
Trading for the new spot pairs, EUR/EURI and EURI/USDT, will commence on August 28, 2024, at 10:00 (UTC).
About Eurite (EURI)
Eurite (EURI) is a Euro-pegged stablecoin issued by Banking Circle S.A., designed to offer stability and efficiency in financial transactions. As one of the first stablecoins regulated under MiCA, EURI ensures compliance with stringent EU standards, providing enhanced trust and credibility for its users. The stablecoin is backed 1:1 by cash in Euros, ensuring price stability and reducing the risks typically associated with digital assets.
Key Features of EURI
EURI has the following key features: * **Regulatory Compliance**: Fully regulated under the MiCA framework, ensuring consumer protection, financial stability, and transparency. * **Stability**: Pegged 1:1 to the Euro and backed by cash, EURI is designed to resist volatility, making it a reliable medium of exchange. * **Blockchain Integration**: As a token built on both Ethereum and BNB Smart Chain, EURI leverages blockchain technology for secure and efficient transactions. * **Wide Applications**: EURI can be used for various purposes, including digital asset settlement, managing volatility exposure, remittances, and smart contracts in the DeFi space.
EURI, issued by Banking Circle S.A., is designed to provide stability and efficiency in financial transactions, ensuring compliance with stringent EU standards and offering a wide range of applications.
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