Eurite (EURI) Explained: Europe’s Euro‑Pegged Stablecoin

When talking about European digital assets, Eurite (EURI) is an Euro‑backed stablecoin that aims to keep a 1:1 peg with the euro. Launched in 2024, it was built to give crypto users a way to transact without the price swings that typical cryptocurrencies bring.

Key Takeaways

• Eurite is a fully collateralised euro‑pegged stablecoin launched in 2024.
• It complies with the EU’s MiCA regulation, giving it a regulatory edge.
• Available on both Ethereum (ERC‑20) and BNB Smart Chain (BEP‑20).
• Backed by Banking Circle, with audits from PeckShield and regular reserve checks.
• Can be bought on ChangeNOW and stored in wallets like NOW Wallet.

What Exactly Is Eurite?

The central idea behind Eurite is simple: for every token minted, an equivalent euro is locked in a fiduciary reserve account. Holders can redeem their tokens at par value, meaning one EURI always equals one euro. This 1:1 relationship removes the volatility that crypto‑native assets like Bitcoin or Ether experience, making Eurite useful for everyday payments, cross‑border remittances, and DeFi‑related activities where price stability matters.

How the 1:1 Euro Peg Works

Each token is backed by euros held in secure accounts managed by Banking Circle, the issuing entity. Banking Circle performs daily reconciliations and publishes proof‑of‑reserve statements, so users can independently verify that the total supply matches the euro holdings. If the market price deviates from €1, arbitrageurs step in: buying cheap tokens and redeeming them for euros, or selling expensive tokens for a profit, which naturally pulls the price back toward the peg.

Regulatory Backbone: MiCA Compliance

Europe’s Markets in Crypto‑Assets (MiCA) regulation, effective across the European Economic Area, sets strict standards for transparency, consumer protection, and capital requirements. Eurite was one of the first stablecoins to secure full MiCA approval, meaning it meets European financial‑service rules on anti‑money‑laundering, custody, and reporting. This compliance not only builds trust but also opens the door for institutional adoption, as many banks and funds prefer assets that operate within a clear legal framework.

Dual‑Chain Architecture: Ethereum and BNB Smart Chain

Eurite runs on two parallel blockchains. On Ethereum, it follows the ERC‑20 standard (DTI code V6S4PH8ZL). On BNB Smart Chain, it conforms to the BEP‑20 standard (DTI code T6M9T84LS). Both networks use Proof‑of‑Stake consensus, which translates to faster block times and lower transaction fees compared with older Proof‑of‑Work chains. Users can choose the chain that best fits their cost and speed preferences.

Security Audits and Transparency

The smart‑contract code behind Eurite has been examined by PeckShield, a respected blockchain security firm. Their audit confirmed that the contracts correctly enforce the mint‑and‑burn logic and do not contain known vulnerabilities. In addition to code audits, Banking Circle conducts regular third‑party reserve audits, publishing reports that detail euro holdings versus circulating supply. Together, these measures mitigate the typical risks associated with stablecoins, such as under‑collateralisation or contract exploits.

How to Acquire and Store Eurite

For most users, the easiest entry point is the fiat‑to‑crypto aggregator ChangeNOW. It lets you swap major cryptocurrencies (BTC, ETH, BNB, etc.) for EURI in a few clicks, without needing a KYC process. Once you own EURI, you’ll need a compatible wallet. NOW Wallet supports both ERC‑20 and BEP‑20 variants, offering a simple UI for managing balances, viewing transaction history, and interacting with DeFi protocols that accept Eurite.

Use Cases and Market Outlook

Because Eurite is euro‑denominated, it shines in scenarios where converting between fiat and crypto would otherwise incur currency‑exchange fees. European freelancers can invoice clients in EURI and avoid the volatility of USD‑linked stablecoins. Retailers can accept Eurite as payment, instantly receiving euros after redemption. Moreover, DeFi platforms that require a stable base asset can integrate Eurite to offer euro‑based lending, liquidity provision, and yield‑farming, expanding the European DeFi ecosystem.

As of October 2025, Eurite circulates roughly 50.6million tokens, with a market price hovering around $1.17 (reflecting the current EUR/USD rate). Daily trading volume exceeds $8.5million across 31 market pairs, indicating healthy liquidity. The modest 0.01% 24‑hour price change underscores the success of its peg mechanism.

How Eurite Stands Against Major Stablecoins

Eurite stablecoin offers a uniquely European alternative to the USD‑centric landscape, giving users a way to stay within the euro zone while still enjoying blockchain benefits.

Frequently Asked Questions