Eurite (EURI) stablecoin analytics
Answer First
What is Eurite (EURI)?
EURI is Banking Circle's MiCA-licensed euro stablecoin, issued by a Luxembourg credit institution with fee-free 1:1 redemption against segregated euro reserves. The static profile records its Euro peg mechanism as: Direct 1:1 redemption at par (fee-free) by Banking Circle S.A.
Is EURI safe?
Pharos does not assess EURI as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Eurite uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from Ernst & Young (issuer states EY conducts periodic 1:1 reserve attestations, but no dated EURI attestation report is publicly retrievable); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Eurite (EURI) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro.
AI summary / Updated Sep 7, 2026
EURI is Banking Circle's MiCA-licensed euro stablecoin with fee-free 1:1 redemption: a credit-institution wrapper engineered for Binance distribution. Eurite exists because Binance needed a MiCA-compliant euro stablecoin and Banking Circle had the Luxembourg CSSF credit institution license to provide one. Holder funds sit in a segregated, bankruptcy-remote fiduciary estate of euro cash and low-risk cash equivalents, the regulatory structure arranged correctly on paper. Look for the receipts, though, and the...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Euro cash and low-risk liquid assets held in segregated fiduciary accounts, bankruptcy-remote from Banking Circle S.A.
- Peg Mechanism
- Direct 1:1 redemption at par (fee-free) by Banking Circle S.A.
- Jurisdiction
- Luxembourg / CSSF / Credit Institution (MiCA)
- Proof Of Reserves
- Self-Reported PoR by Ernst & Young (issuer states EY conducts periodic 1:1 reserve attestations, but no dated EURI attestation report is publicly retrievable) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety euri-banking-circle
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
EURI quick answers
What is Eurite (EURI)?
EURI is Banking Circle's MiCA-licensed euro stablecoin, issued by a Luxembourg credit institution with fee-free 1:1 redemption against segregated euro reserves. The static profile records its Euro peg mechanism as: Direct 1:1 redemption at par (fee-free) by Banking Circle S.A.
Is EURI safe?
Pharos does not assess EURI as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Eurite uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from Ernst & Young (issuer states EY conducts periodic 1:1 reserve attestations, but no dated EURI attestation report is publicly retrievable); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs EURI?
Pharos classifies EURI backing as Real-World Asset Backed. Collateral, per the static profile: Euro cash and low-risk liquid assets held in segregated fiduciary accounts, bankruptcy-remote from Banking Circle S.A. Reserve evidence: Self-Reported PoR from Ernst & Young (issuer states EY conducts periodic 1:1 reserve attestations, but no dated EURI attestation report is publicly retrievable).
Can EURI be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for EURI, when applicable, appear in the dossier below.
