EURI (EURI) Review
Eurite — the only MiCA stablecoin issued directly by an EU bank, not an EMI
Affiliate link · doesn't affect score · independent methodology
At a glance
EURI (Eurite) is the first MiCA-compliant euro stablecoin issued directly by an EU-licensed bank (Banking Circle S.A., Luxembourg, supervised by CSSF). Launched 26 August 2024 as Binance EEA's reference euro stablecoin, with retail rollout via Binance promotional zero-fee EURI pairs. Reserves are 1:1 EUR cash held as segregated bank deposits at Banking Circle itself, attested periodically by Ernst & Young, with smart contracts audited by PeckShield. EURI runs natively on Ethereum and BNB Smart Chain only. Market cap ~$58M, fourth-fifth EUR stablecoin by size.
Italian and EEA users on Binance EEA who want a MiCAR EMT eligible for the 26% Italian capital-gains rate. Binance-resident traders who want EUR exposure without leaving the platform. Users who prefer bank-issued reserves over EMI-custodied reserves on structural-risk grounds.
You need broad chain coverage — EURI is only on Ethereum and BNB Chain. You trade primarily outside Binance — liquidity off-Binance is thin (~90% of EURI volume is on Binance). You want DeFi composability — EURC dominates EUR-DeFi liquidity; Aave V3 does not list EURI. You need redemption through Coinbase EU, Kraken, Bitstamp, Bitpanda, or any non-Binance Italian-accessible exchange.
Quick stats
- Ticker
- EURI
- Issuer
- Banking Circle S.A.
- Peg
- EUR
- Backing
- fiat collateralized
- Market cap
- $58M
- Chains
- 2
- Attestation
- quarterly
- Fiat redeem
- Yes
Skrumble scoring breakdown
Read our full scoring methodology.
Auditors / attestors
- · Ernst & Young (reserves, periodic)
- · PeckShield (smart contract)