BINANCE has made a groundbreaking announcement by listing Eurite (EURI), the first euro-pegged stablecoin to comply with the European Union's MiCA regulations.
As the cryptocurrency market evolves under stringent regulations, the introduction of EURI marks a significant milestone for both the exchange and its users.
Learn more about this innovative stablecoin, the trading opportunities it offers, and its potential impact on the global crypto market.
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Eurite (EURI): A MiCA-Compliant Euro Stablecoin by Banking Circle
On August 26, 2024, the cryptocurrency exchange "BINANCE" announced the listing of "Eurite (EURI)," the first euro stablecoin to comply with the European Union's comprehensive cryptocurrency regulation, MiCA.
Eurite (EURI) is a euro-pegged stablecoin issued by "Banking Circle" and has garnered attention as one of the first euro-pegged stablecoins to comply with MiCA regulations.
According to BINANCE's official announcement, the fact that EURI is the first euro stablecoin to adhere to MiCA regulations guarantees that it meets strict EU standards, which is crucial for enhancing the reliability, credibility, and security for its holders.
The trading of EURI on BINANCE is set to begin on August 28, 2024, at 10:00 (UTC). Two trading pairs will be available: "EUR/EURI" and "EURI/USDT."
To celebrate the new listing, BINANCE will launch a "Zero Trading Fee Campaign" for EURI pairs, and deposits for EURI are already being accepted.
MiCA Regulations and Their Impact on the Stablecoin Market
Given that MiCA imposes stringent requirements on stablecoin issuers, recent discussions around MiCA and stablecoins have been gaining attention.
Recent reports have highlighted that financial giant JP Morgan has suggested that MiCA regulations might force significant changes in Tether's business operations, further amplifying interest in the EURI listing announcement.
It is also noteworthy that Circle, known for issuing USDC and EURC, announced on July 1 that it had become the world’s first stablecoin issuer to comply with MiCA regulations.
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