Eurite
$1.16
Data from CoinGecko, on-chain analytics, and official project documentation. View methodology
- Cryptocurrency
- Eurite (EURI)
- Sector
- Stablecoin
- Market Cap Rank
- #544
- Current Price
- $1.16
- Market Capitalization
- $38.47M
Cycle Potential
0x
cycle scenario · ~2029 window
Risk Level
0/10
Low Risk
Market Cap
$38.47M
Volume
$8.72M
Circulating Supply
33.14M
Total Supply
33.14M
What is Eurite?
Eurite (EURI) is a stablecoin designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the US dollar. It is currently ranked #544 by market capitalization, trading at $1.16 with a total market cap of $38.47M.
How does Eurite work?
Eurite (EURI) is a euro-referenced electronic money token issued by Banking Circle S.A., a Luxembourg credit institution supervised by the CSSF. The issuer’s white paper says EURI is issued at par when euros are received and is backed by cash in euros held through a separate fiduciary estate for token holders. EURI runs as an ERC-20 token on Ethereum and a BEP-20 token on BNB Smart Chain. Banking Circle says Ernst & Young performs periodic reserve attestations and that PeckShield audited the...
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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. Cryptocurrency investments are volatile and carry significant risk.