Profile
EURI profile facts
Eurite (EURI) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro.
- 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
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
EURI quick answers
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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?
As of Oct 24, 2026, Pharos grades EURI C- (50/100) 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 EURI?
Pharos records EURI's reserves as of Jul 28, 2026 as 100% EUR cash and low-risk cash equivalents in the EURI fiduciary estate. Reserve evidence: Self-Reported PoR. Pharos classifies the backing as Real-World Asset Backed.
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 live dossier on this page.
How do you redeem EURI?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem EURI for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. 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.
