Eurite (EURI)
Eurite (EURI) is a euro stablecoin issued by Banking Circle S.A., a Luxembourg bank supervised by the CSSF. Each token is backed one to one by euro cash held in segregated accounts that sit outside the bank's own assets. It runs on Ethereum and BNB Smart Chain and reaches the market mainly through Binance. Onboarded institutions mint and redeem at par with no fee.
The only bank-issued MiCA euro stablecoin, backed one to one with segregated cash and reaching users through Binance. Solid peg and strong balance sheet, but an institutional settlement rail with no independence from fiat.
M69 Score
Scored against the Money2069 Manifesto — see methodology. Higher = more aligned.
Detailed Rating Breakdown
Issuance Model3x3.0
Minted only against euro cash received, backed one to one, attested by an external auditor, PeckShield-audited contract. Discretionary issuer, no algorithm, no holder input.
Spending Power Stability2x3.0
Holds the euro peg (DefiLlama 2026-08-26: 38.7M in circulation, price at par). Purchasing power follows the euro and its inflation.
Fiat Independence & Interoperability2x1.0
Pure euro wrapper on Ethereum and BNB Chain. No own interop standard, no exit from fiat.
Traction2x3.0
38.7M EURI in circulation, listed on Binance since August 2024, cited as the third-largest MiCA euro stablecoin in early 2026. Two chains only.
Sovereignty2.0
Issuer holds freeze and blacklist powers under MiCA. Only onboarded institutions can mint or redeem; everyone else depends on exchanges.
Governance2.0
One regulated bank decides everything. Public reserve attestation and whitepaper, no community role.
Resilience3.0
Issued by a licensed credit institution with bankruptcy-remote segregated reserves, the strongest balance-sheet backing in the euro class. Two years live, no stress event on record.
Inclusivity2.0
Anyone can hold and transfer on public chains, but direct access is institutions-only. Built for exchange settlement and treasury, not for people.