EURI Security: Double protection through smart contract and reserve audits! 🛡️🔐
EURI's security is ensured by a comprehensive approach that includes audits of both the underlying smart contracts and physical reserves.
Smart contract audit: The code of the EURI smart contracts used for issuing and managing tokens is regularly reviewed by leading blockchain security firms such as PeckShield. This helps identify and eliminate potential vulnerabilities.
Reserve audit: To confirm that every EURI token in circulation is indeed backed by euros 1:1, regular audits of reserve accounts are conducted. These checks ensure transparency and reliability of the backing.
MiCA compliance: Compliance with MiCA regulations also imposes strict requirements for security and transparency, adding an extra layer of protection for EURI holders.
Bankruptcy remote: The assets backing EURI are structured in such a way that they are protected even in the event of the issuer Banking Circle SA's bankruptcy, ensuring "bankruptcy remote" status.
This multi-layered approach to security and transparency is the cornerstone of trust in EURI.
