According to official announcements, Newrails, a licensed electronic money institution regulated by the Bank of Lithuania, today launched EURW, a MiCA-compliant euro stablecoin on Monad. Newrails holds dual licenses as an Electronic Money Institution (EMI) in Lithuania and a Virtual Asset Service Provider (VASP) in the Czech Republic. Each EURW token is fully backed 1:1 by euro reserves, allowing token holders to redeem them for fiat euros at any time with zero fees, aiming to provide production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.
Newrails Launches MiCA-Compliant Euro Stablecoin EURW on the Monad Platform
TechFlowShare
Summary
Newrails, a Lithuania-regulated e-money institution, has launched EURW, a MiCA-compliant euro stablecoin on the Monad platform. EURW is fully backed 1:1 by euro reserves and can be redeemed for fiat euros at any time without fees. The token launch highlights production-grade infrastructure for Web3 builders and RWA teams. On-chain data reflects growing demand for regulated digital assets in the European market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.