Binance, the world’s largest cryptocurrency exchange, has expanded its offering with Eurite (EURI), a newly minted euro-backed stablecoin.
The exchange has confirmed that EURI trading pairs will be available on August 28 at 10:00 UTC in both Euro and US Dollars.
Binance has announced that Eurite (EURI), a newly regulated euro-backed stablecoin, will be available for free trading on its platform for a limited time.
Created by Banking Circle, EURI is designed to be the first euro-pegged stablecoin to comply with the European Union’s Markets in Crypto Assets Regulation (MiCA). The token is available as both an ERC-20 token on Ethereum and a BEO-20 token on BNB Smart Chain.
Say Daniel Lee, Head of Web 3 at Banking Circle,
“By combining cutting-edge technology for the digital asset industry and ensuring compliance with the latest European regulations, Banking Circle can provide stablecoin users with the robust banking service and infrastructure they deserve and make stablecoins accessible to a broader audience that 24 /7 wants access to instant payments.
The launch of EURI lays a strong foundation and functionality for Banking Circle, which will enable us to launch stablecoins and tokenized money in the future, giving the market more choice and freedom of choice.”
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