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Information about "StablR Euro"
What is StablR Euro (EURR)?
StablR Euro (EURR) is a stablecoin backed by the Euro, maintaining a 1:1 parity with the Euro's value. It's supported by a combination of fiat currency and short-term government bonds. The primary goal of StablR Euro (EURR) is to offer a digital money alternative that is more efficient, secure, and easy to access. It can serve as a means of payment, a way to store value, and a unit of account.
StablR Euro’s notable applications include speeding up and reducing the cost of payments, aiding global trade and investment, and creating more adaptable and robust financial systems.
StablR Euro’s notable applications include speeding up and reducing the cost of payments, aiding global trade and investment, and creating more adaptable and robust financial systems.
How Many StablR Euro are in circulation?
On October 12th, 2023, StablR introduced its token, releasing 10 million EURR on the Ethereum blockchain. By November of the same year, around 11 million EURR was circulating. As a stablecoin, the supply of EURR is not capped, expanding to meet demand.
Who Are the Founders of StablR?
Gijs Op de Weegh, an expert with over two decades in Fintech and 18 years in payments, founded StablR. He previously built a company generating over EUR 100M in revenue. The team is rich in experience, possessing extensive knowledge in Fintech, payments, IT development, and regulatory frameworks.
StablR is committed to developing a stablecoin that adheres to regulations and remains transparent. They harness the advantages of blockchain technology, ensuring the stablecoin remains pegged to its fiat counterpart for stability and trust.
StablR is committed to developing a stablecoin that adheres to regulations and remains transparent. They harness the advantages of blockchain technology, ensuring the stablecoin remains pegged to its fiat counterpart for stability and trust.
Where Can I Buy StablR Euro?
Institutions interested in acquiring StablR Euro can register here: https://www.stablr.com/partner/. Once you apply, StablR's Onboarding Team will reach out, and upon successful registration, you'll gain access to your account on the StablR platform. This platform helps streamline transactions, allowing you to easily manage StablR Euro through a straightforward interface.
How Is Issuing and Redemption of StablR Euro Secured?
StablR employs advanced MPC and multisig technologies to safeguard the private keys associated with the StablR Euro smart contract. This system oversees the processes of issuing and redeeming StablR Euro (EURR), protecting the assets from hacking and other security risks. It ensures that StablR retains total control over the creation and destruction of StablR Euro (EURR).
Additionally, to maintain the integrity of its governance and uphold the Euro peg, the token is crafted on the ERC-20 standard. Any security breaches that arise within this standard could potentially impact all tokens using it.
Additionally, to maintain the integrity of its governance and uphold the Euro peg, the token is crafted on the ERC-20 standard. Any security breaches that arise within this standard could potentially impact all tokens using it.
"StablR Euro" price data