e-Money EUR
Crypto Overview
Purpose and Utility
EEUR is a stablecoin issued by e-Money, designed to be fully backed by bank deposits and government bonds. It aims to serve as a Euro-pegged digital currency for fast, secure transactions on blockchain networks.
Business Model
The token operates as a payment and transfer mechanism, with its value maintained through traditional bank deposits and government securities. The business model appears transparent, with regular audits of the backing assets.
Real-World Adoption
EEUR has established partnerships with various blockchain platforms and is primarily used for cross-border payments and as a stable store of value. It has integration with the Cosmos ecosystem and several decentralized exchanges.
Platform Development
The e-Money platform shows consistent development activity, with regular updates to their protocol and expanding integrations. The project maintains active GitHub repositories and technical documentation.
Token Distribution
The token supply is directly correlated to the Euro deposits and bonds held in reserve. New tokens are minted when additional backing assets are deposited, and tokens are burned when redeemed.
Revenue Model
The project generates revenue through small transaction fees and the interest earned on the government bonds backing the stablecoin. This model aligns with Islamic finance principles as it involves actual asset ownership and legitimate business operations.
Crypto Impact
To assign a comfort level investing in e-Money EUR from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to e-Money EUR.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.