EURI: 100% backing of euros – transparency and reliability! 💶🔒
The reliability of any stablecoin tied to fiat currency directly depends on its backing. EURI maintains its peg to the euro (1:1) through complete and transparent backing.
Pegging mechanism: For every issued EURI token, an equivalent amount in euros is held in a reserve fund. This guarantees that EURI holders can exchange their tokens for real euros at any time.
Custodian of reserves: The EURI reserves are held in secure fiduciary accounts, ensuring their safety and isolation from the operational risks of the issuer.
Regular audits: To ensure transparency and confirm full backing, the EURI reserves undergo regular audits by independent auditing firms. This confirms that the amount of EURI in circulation always corresponds to the volume of reserves in euros.
Transparency and strict backing make EURI a reliable digital asset for users who value stability and security.