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Eurite (EURI), a European-regulated stablecoin company controlled by Banking Circle, said it is compliant with "stringent EU standards." Eurite shared their statement in a September 11 post on X.
"As one of the first #MiCA regulated stablecoins, EURI maintains compliance with stringent EU standards," said . "Enhancing trust, credibility and confidence for holders."
According to a press release by A&O Shearman, Eurite (EURI) is an e-money token that became available for trading on Binance on August 28, 2024. It is the first Markets in Crypto-Assets (MiCA) regulated stablecoin and is backed by Banking Circle, a bank in the EU. "This is a landmark transaction in the EU and a milestone for the European fintech landscape. As the first MiCA-regulated stablecoin backed by a bank in the EU, Eurite sets the tone for the integration of stablecoins into the EU financial system and its robust regulatory framework," said Lead Partner at A&O Shearman, Baptiste Aubry.
