e-Money EUR

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.