Banking Circle S.A. acting in its capacity as fiduciary is issuing a stablecoin, regulated by the Markets in Crypto Assets Regulation (MiCA), the Eurite Euro token (“EURI”). EURI is classified as an E-Money Token (EMT) under MiCA, and will be issued at par value (i.e. 1 EURI for 1 EUR) pegged to the EUR currency.
EURI will be issued as an ERC-20 token on the Ethereum (“ETH”) blockchain and as a BEP-20 token on the BNB Smart Chain (“BSC”) blockchain and will be made available for subscription through a number of trading platforms and exchanges.
For more information about the EMT token issued by Banking Circle where the whitepaper is also accessible, please visit eurite.com.