What is StablR Euro (EURR)?
StablR Euro (EURR) is a Euro-backed stablecoin, pegged to the value of the Euro and redeemable on a 1:1 basis. The stablecoin is collateralized by fiat and short-term government bonds. The main purpose of StablR Euro (EURR) is to provide a digital alternative to traditional forms of money that is more efficient, secure, and accessible. StablR Euro (EURR) can be used as a medium of exchange, a store of value, and a unit of account.Some of the main use cases for StablR Euro (EURR) include enabling faster and cheaper payments, facilitating international trade and investment, and enabling more flexible and resilient financial systems.
What is StablR Euro (EURR)?
StablR Euro (EURR) is a Euro-backed stablecoin, pegged to the value of the Euro and redeemable on a 1:1 basis. The stablecoin is collateralized by fiat and short-term government bonds. The main purpose of StablR Euro (EURR) is to provide a digital alternative to traditional forms of money that is more efficient, secure, and accessible. StablR Euro (EURR) can be used as a medium of exchange, a store of value, and a unit of account.Some of the main use cases for StablR Euro (EURR) include enabling faster and cheaper payments, facilitating international trade and investment, and enabling more flexible and resilient financial systems.
How Many StablR Euro are in circulation?
StablR launched its token on October 12th 2023, minting 10 million of EURR on the Ethereum blockchain. By November 2023 around 11 million EURR was in circulation. Being a stablecoin, the EURR supply is uncapped and continues to expand according to demand.Who Are the Founders of StablR?
Founded by Gijs Op de Weegh, with 20+ years of Fintech experience and 18 years in payments, building a EUR 100M+ revenue company before, complemented with a knowledgeable and experienced team with extensive background in the world of Fintech, Payments and IT-Development combined with a deep regulatory knowledge. https://www.stablr.com/about-us/StablR believes in creating a regulatory compliant and transparent stablecoin, leveraging the benefits of blockchain technology, and keeping the stablecoin pegged to its fiat currency equivalent assuring stability and providing trust.
Where Can I Buy StablR Euro?
Institutions can obtain StablR Euro by signing up here: https://www.stablr.com/partner/ StablR its Onboarding Team will contact you and after successful onboarding you will get access to your account on the StablR platform. Simplify your transactions with your StablR Account to on- and offramp StablR Euro with a user-friendly interface.How Is Issuing and Redemption of StablR Euro Secured?
StablR uses cutting-edge MPC and Multisig technology to secure the private keys of the StablR Euro smart contract, governing the control of issuing and redeeming StablR Euro (EURR). This helps to protect the smart contract and EURR tokens from hacking or other security threats and ensure that StablR maintains full control over the minting and burning of StablR Euro (EURR).Beyond securing its smart contract governance and trusting the reliability of EURR towards its Euro peg, the token is built based on the ERC-20 standard. Any security incidents forthcoming breaches in this token standard affect all tokens utilising this standard.
