Question 1

What is Monerium EURe (EURE)?

Accepted Answer

Monerium EURe (EURE) is a euro-denominated stablecoin issued as electronic money under the European Economic Area (EEA) regulatory framework. It is developed by Monerium EMI ehf, an Iceland-based company licensed by the Central Bank of Iceland to issue e-money. Unlike algorithmic or collateral-backed stablecoins, EURe carries the legal status of redeemable electronic money, which provides a clear legal foundation and direct ties to the traditional financial system. Each EURe token is backed 1:1 by safeguarded euro deposits in custodial accounts, ensuring full redeemability at any time.

The project began in 2016, positioning itself as one of the earliest initiatives to connect fiat currencies and blockchain settlement through regulated infrastructure. By being classified as e-money, Monerium EURe operates within the same frameworks as licensed payment institutions, allowing it to integrate with businesses, developers, and financial applications requiring euro-denominated digital transactions.

Question 2

What is Monerium EURe (EURE) used for?

Accepted Answer

EURe is designed to function as a digital euro across public blockchains. It can be used for day-to-day payments, settlement in decentralised finance (DeFi) protocols, and integration into business processes such as invoicing, payroll, and cross-border transactions. Developers and institutions can rely on EURe as a legally recognised form of digital money, making it suitable for both experimental on-chain use cases and enterprise-grade applications. By bridging regulated e-money with blockchain, EURe enables faster payments, programmable settlement, and euro liquidity in DeFi ecosystems.

Question 3

Technical Architecture and Migration to V2

Accepted Answer

In 2024, Monerium introduced a significant upgrade to its token contracts, migrating EURe from version 1 (V1) to version 2 (V2). The transition was phased across major chains, Polygon in August, Gnosis in late August, and Ethereum in December, and aimed to enhance efficiency, usability, and compliance.

The V2 contracts bring several improvements. The most immediate benefit is reduced gas costs, with transfers and approvals consuming less than half the resources compared to V1. This makes using EURe more affordable, especially in environments where transaction costs are a barrier. In addition, V2 introduces support for ERC-2612 Permit, allowing gasless approvals through off-chain signatures. This feature simplifies interactions with DeFi applications, where token approvals are frequent and often cumbersome.

A key design principle of the migration was continuity. Holders did not need to take any action: balances remained unchanged, and V1 tokens now forward all operations to the V2 contracts. This means that even users interacting with V1 addresses benefit from the improved efficiency and features of V2. Some temporary quirks, such as wallets displaying both V1 and V2 tokens or duplicate transfer events, are expected as infrastructure providers adapt, but balances and functionality remain consistent.

Importantly, Monerium has committed to supporting both versions indefinitely. V1 tokens continue to be valid and redeemable, while V2 represents the modernised standard for ongoing development and ecosystem adoption. The migration process also required technical adjustments for developers and indexers, who needed to transition their systems to account for the new event structures in V2.

Question 4

Who created Monerium EURe (EURE)?

Accepted Answer

The token is issued by Monerium EMI ehf, founded in 2016 in Reykjavík, Iceland by Sveinn Valfells, Jon Helgi Egilsson, Tryggvi Björn Gunnarsson, and Gísli Kristjánsson. The team brought together expertise in finance, central banking, and software development, positioning Monerium as one of the first licensed entities in Europe dedicated to issuing electronic money on blockchains. Its regulatory approval under the Central Bank of Iceland and the broader European legal framework places it at the intersection of traditional finance and decentralised technology, aiming to provide compliant digital cash solutions for a global economy.


EURe	ERC20	POL	0xE0aEa583266584DafBB3f9C3211d5588c73fEa8d	2024-08-18
EURe	ERC20	XDAI	0x420CA0f9B9b604cE0fd9C18EF134C705e5Fa3430	2024-08-25
EURe	ERC20	ETH	0x39b8B6385416f4cA36a20319F70D28621895279D	2024-12-16
EURe	ERC20	ARB	0x0c06cCF38114ddfc35e07427B9424adcca9F44F8	2024-09-12
EURe	ERC20	LINEA	0x3ff47c5Bf409C86533FE1f4907524d304062428D	2025-02-20
EURe	ERC20	SCROLL	0xd7BB130A48595fCDf9480E36C1aE97ff2938aC21	2025-03-14