Binance Announced the Listing of a Euro-Backed Stablecoin

The top cryptocurrency exchange Binance has announced the listing of a euro-backed stablecoin, that is regulated within MiCA.

Eurite (EURI) is a newly introduced EURO stablecoin regulated within the European Economic Area (EEA) under the Markets in Crypto Assets (MiCA) framework.

Issued by Banking Circle SA, EURI is designed to integrate with Banking Circle’s payment systems while adhering to stringent EU standards for consumer protection, transparency, and financial stability.

Its MiCA compliance enhances trust and reliability for holders, ensuring regulatory clarity and reducing legal risks.

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Binance will list Eurite (EURI) on August 28, 2024, at 1:00 PM UTC. The exchange will offer two new trading pairs: EUR/EURI and EURI/USDT.

To celebrate the launch, Binance is providing a zero trading fee promotion on these new pairs. This promotion will start at 13:00 UTC on August 28 and will continue until further notice. Additionally, withdrawals for EURI will be available starting August 29, 2024, at 13:00 UTC.

Alexander Stefanov