Eurite EURIPrice $ 1.16

Eurite (EURI) is governed by the Markets in Cryptoassets Regulation (MiCA) in the EEA. Released by Banking Circle SA , EURI complements Banking Circle's existing payment systems. This includes efficient payment solutions, managed volatility exposure, smart contracts, after-hours settlement and treasury management. Compliance with MiCA regulations ensures consumer protection, transparency and financial stability, reducing legal risks and promoting transparency and security.

EURI will be issued as an ERC-20 token on the Ethereum ("ETH") Blockchain and as a BEP-20 token on the BNB Smart Chain ("BSC") blockchain which will be pegged to the EUR on a 1:1 basis. EURI will be issued at par value (i.e. 1 EUR for every EURI) on the receipt of funds from the holders of EURI.

Funds are bankruptcy remote in the event of an insolvency of Banking Circle S.A. EURI is attested by top tier auditors to ensure tokens in circulation are backed 1:1.