Scan to Download CoinWorldCap App
StablR Euro is a stablecoin pegged to the Euro, backed by fiat and short-term government bonds. Founded by Gijs Op de Weegh, it aims to provide secure digital money for payments and trade. The token has no maximum supply, growing with demand, and uses advanced security measures to protect issuance and redemption processes.
StablR Euro (EURR) functions as a stablecoin backed by the Euro, maintaining a 1:1 redeemable peg to the currency. Its reserves consist of fiat money and short-term government bonds. The project aims to offer a digital substitute for conventional money that is more secure, efficient, and accessible. EURR serves as a unit of account, a store of value, and a medium of exchange. Key applications include supporting quicker and less expensive payments, aiding international investment and trade, and fostering financial systems that are more resilient and flexible.
StablR introduced its token on October 12th 2023, initially creating 10 million EURR on the Ethereum network. By November 2023, the circulating supply had reached approximately 11 million EURR. As a stablecoin, EURR has no maximum supply limit and grows based on market demand.
Gijs Op de Weegh established StablR, bringing over 20 years of Fintech expertise and 18 years in payments to the role. Prior to this venture, he built a company generating more than EUR 100M in revenue. He is supported by a skilled team with deep regulatory understanding and extensive backgrounds in Fintech, Payments, and IT-Development.
The organization aims to develop a transparent, regulation-compliant stablecoin that utilizes blockchain technology. By maintaining a peg to its fiat currency equivalent, StablR seeks to ensure stability and foster trust.
The StablR Onboarding Team will reach out to you, and once the onboarding process is successfully completed, you will gain access to your account on the StablR platform. You can then use your StablR Account to on- and offramp StablR Euro through a user-friendly interface, simplifying your transactions.
StablR employs advanced MPC and Multisig solutions to safeguard the private keys associated with the StablR Euro smart contract, which manages the issuance and redemption of StablR Euro (EURR). This approach shields the smart contract and EURR tokens from hacking attempts and other security risks, while ensuring StablR retains complete authority over the minting and burning processes for StablR Euro (EURR).
In addition to protecting smart contract governance and upholding confidence in the EURR peg to the Euro, the token operates on the ERC-20 standard. Consequently, any future security flaws or breaches affecting this specific standard would impact all tokens that rely on it.