Profile
EURE profile facts
Monerium EUR emoney (EURE) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro.
- Collateral
- Euro deposits held in segregated accounts with credit institutions and high-quality liquid assets (HQLA) denominated in EUR, separated from Monerium's own funds; over 100% backing maintained as required under MiCA
- Peg mechanism
- Mint-and-burn: EURe is minted when users deposit EUR via SEPA bank transfer after KYC/AML verification, and burned upon redemption back to EUR; peg maintained by licensed EMI with 1:1 backing
- Jurisdiction
- Iceland / Financial Supervisory Authority of the Central Bank of Iceland / Electronic Money Institution (EMI)
- Proof of reserves
- Self-Reported PoR by Monerium annual financial information Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
EURE quick answers
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What is Monerium EUR emoney (EURE)?
EURE is Monerium's MiCA-regulated euro e-money, minted on SEPA deposits and redeemed 1:1 by an EMI; reserves sit in EUR bank deposits and an LVNAV fund. The static profile records its Euro peg mechanism as: Mint-and-burn: EURe is minted when users deposit EUR via SEPA bank transfer after KYC/AML verification, and burned upon redemption back to EUR; peg maintained by licensed EMI with 1:1 backing.
Is EURE safe?
As of Oct 24, 2026, Pharos grades EURE C (58/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs EURE?
Pharos records EURE's reserves as of Jul 28, 2026 as 100% EUR bank deposits and the State Street EUR Liquidity LVNAV Fund. Reserve evidence: Self-Reported PoR by Monerium annual financial information. Pharos classifies the backing as Real-World Asset Backed.
Can EURE be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem EURE?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem EURE for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
