---
title: "VNX EURO (VEUR) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/veur-vnx/"
description: "Build-time stablecoin profile for VNX EURO (VEUR). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# VNX EURO (VEUR)

**Peg:** Euro

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

VEUR stretches across 11 chains under Liechtenstein FMA Blockchain Act licensing with AREVA-audited reserves — the widest distribution of any euro stablecoin, on 3.2M EUR of circulating supply. VEUR stretches across 11 chains — Ethereum, Avalanche, Arbitrum, Base, Polygon, Celo, Solana, XRPL, Tezos, Fraxtal, and ICP — giving it the widest distribution of any euro stablecoin tracked here, which would matter more if its 3.2M EUR circulating supply weren't a rounding error next to EURC. The B grade at 74 reflects genuine substance: Liechtenstein FMA Blockchain Act license, AREVA-audited fiat {{term:custody}}custody{{/term}} with formal {{term:attestation}}attestation{{/term}}, and same-day issuer {{term:redemption}}redemption{{/term}}. Two depeg events with a worst reading of 333 bps positive are par for thinly traded non-USD tokens, and the $920K DEX TVL across six pools is at least functional if not impressive. The MiCA-era competition from SocGen, Banking Circle, and Quantoz makes the FMA license increasingly second-tier in the euro stablecoin hierarchy, but VNX has quietly built the multi-chain plumbing while bigger players are still filing paperwork.

## Collateral

Fiat reserves (euro-denominated cash and cash equivalents) held in bank/custody accounts of VNX Commodities AG

## Peg Mechanism

Direct 1:1 redemption through VNX Commodities AG (registered KYC/AML customers only)

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Liechtenstein | FMA | TVTG (Blockchain Act) |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x6ba75d640bebfe5da1197bb5a2aff3327789b5d3` | 18 |
| avalanche | `0x7678e162f38ec9ef2bfd1d0aaf9fd93355e5fa0b` | 18 |
| arbitrum | `0x4883c8f0529f37e40ebea870f3c13cdfad5d01f8` | 18 |
| base | `0x4ed9df25d38795a47f52614126e47f564d37f347` | 18 |
| polygon | `0xe4095d9372e68d108225c306a4491cacfb33b097` | 18 |
| celo | `0x9346f43c1588b6df1d52bdd6bf846064f92d9cba` | 18 |
| solana | `C4Kkr9NZU3VbyedcgutU6LKmi6MKz81sx6gRmk5pX519` | 9 |
| xrpl | `VEUR-rLPtwF4FZi8bNVmbQ8JgoDUooozhwMNXr3` | 6 |
| tezos | `KT1FenS7BCUjn1otfFyfrfxguiGnL4UTF3aG` | 13 |
| fraxtal | `0x4c0bd74da8237c08840984fdb33a84b4586aaee6` | 18 |
| icp | `wu6g4-6qaaa-aaaan-qmrza-cai` | 8 |
| stellar | `VEUR-GDXLSLCOPPHTWOQXLLKSVN4VN3G67WD2ENU7UMVAROEYVJLSPSEWXIZN` | 7 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/veur-vnx.