Quantcast

David Princay: Eurite is 'becoming one of the most traded stablecoins in the Europe ecosystem'

Binance authorized by Uzbek regulator to provide services
Trump inauguration live: Latest crypto market updates, analysis, reactions
Shaping skylines: Developers eye crypto buildings in Dubai, Tokyo
Cryptocurrencies and finance: BlackRock and Hamilton Lane dive into DeFi with Plume
EU’s new ‘DORA’ rules come into effect: What does it mean for crypto?
Judge Bibas on SEC enforcement: SEC repeatedly sues crypto companies, ‘yet it will not tell them how to comply’
Bitcoin in the USA: Senator Lummis is already putting pressure on the former administration
Trump plans to make crypto a national priority
AMF and ACPR announce updated list of unauthorized investment websites
BaFin announces warning on unauthorized services by SNB Capital Limited
Polymarket Threatened With Ban By Thailand Cyber ​​Police
Bitget User on 25% asset loss and account freezing: The 'admin just remove my comment'
Malaysia mulls crypto policy after talks with UAE and Binance founder CZ
Electric Capital co-founder calls regulatory actions 'Chokepoint 2.0'
Bitcoin: Pro-Crypto Cynthia Lummis Heads New Senate Subcommittee
Trump's Future Treasury Secretary Holds $500,000 in Bitcoin ETFs
Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time
Bybit halts India service following string of suspensions in other markets
Hong Kong launches 'supervision incubator' to help banks adopt blockchains
MEP Berger: 'The FDP needs Bitcoin'
Sen. Lummis on Ex-Vice Chair of Federal Reserve: He was 'enabling Chokepoint 2.0'
3 Russians Face U.S. Money Laundering Charges Over Mixing Services: DOJ
US Senate: Pro-Bitcoin leader heads crypto subcommittee
Gemini Agrees to Pay $5M Settlement in CFTC Case
Bhutan economic hub to set up strategic crypto reserve
CFTC: Rostin Behnam announces his resignation
Bountycaster Co-Founder on loan rejection: I 'Experienced Operation Chokepoint 2.0 firsthand'
Strategic Bitcoin Reserve: Czech Central Bank does not rule out this possibility
Binance marks 21st global regulatory milestone with authorization in Brazil
Crypto and Stock Market: what not to miss for the week of January 6 to 12
David Princay: Eurite is 'becoming one of the most traded stablecoins in the Europe ecosystem'
Web3/Crypto
Webp untitled design 14
David Princay | https://x.com/davidprincay/photo

David Princay, President of Binance France, said that Eurite has quickly become one of the most traded stablecoins in the European ecosystem, signaling a step forward for blockchain innovation in Europe. Princay shared his statement in a September 6 post on X.

"One week after its launch Eurite already reached the symbolic 100 million daily volume, becoming one of the most traded stablecoin in Europe ecosystem," said Princay, President, Binance France. "It is the beginning of a success! It is the the first step of a keystone moment inside blockchain and Europe! We can expect many more innovations and new products linked to Eurite in the next coming weeks and you'll be sure to see us push it to the maximum!"

According to the European Commission, "The EU wants to be a leader in blockchain technology, becoming an innovator in blockchain and a home to significant platforms, applications and companies." The European Commission is a strong supporter of policy, legal and regulatory frameworks, as well as funding fronts for blockchain in Europe.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Eurite is one of the first Markets in Crypto-Asset (MiCA) regulated European stablecoins issued by Banking Circle S.A., according to the Eurite website. It is pegged 1:1 with the Euro and backed 1:1 in cash by the Euro as well. Being one of the first MiCA-regulated stablecoins, "it ensures compliance with stringent EU standards, enhancing trust, credibility, and confidence for holders." Regulatory compliance with MiCA ensures consumer protection, transparency, and financial stability, reducing legal risks and promoting transparency and safety.

According to LinkedIn, Princay has been the President and General Manager of Binance France since December 2020. He attended Grenoble INP-UGA with Master's degrees in Science and Materials Engineering, Marketing, and Management. Afterwards, he attended HEC Paris and received a specialized degree in Management of Grand Projects. Before becoming President of Binance France, Princay had substantial experience working as a Junior Consultant at MAD Network, Commercial and Marketing Manager at Verseau Paris, and Pre-sales Manager at Gutenberg Technology.

More News

Bitcoin, Ethereum, Binance Coin & more: Today's crypto overview — March 30, 2025

Mar 31, 2025

From Bitcoin to Solana: Here’s how major cryptocurrencies moved today – March 29, 2025.

Mar 30, 2025

The Financial Conduct Authority (FCA) announced the refusal of Zeux Limited's application for cryptoasset exchange provider registration under the Money Laundering Regulations (MLRs).

Mar 30, 2025

The National Securities Market Commission (CNMV) has released a list of warnings concerning unregistered financial and cryptocurrency service entities.

Mar 30, 2025

The Commissione Nazionale per le Società e la Borsa (Consob) announced it held a conference discussing the impact of crypto assets and the need to adapt regulatory frameworks to data science.

Mar 30, 2025

The Autorité des Marchés Financiers (AMF) has announced that financial entities, including crypto-asset service providers, are invited to contribute to the European Banking Authority's (EBA) consultation on draft anti-money laundering and...

Mar 30, 2025