Nikolas Sargeant
Binance, the world's largest cryptocurrency exchange, has announced the listing of Eurite (EURI), a groundbreaking MiCA-compliant stablecoin. This move comes just two days after EURI's launch by Luxembourg-based Banking Circle, marking a significant step in the integration of traditional banking and cryptocurrency markets.
EURI: Bridging Traditional Banking and Crypto
EURI represents a new era in stablecoins, being the first e-money token issued by Banking Circle and the first MiCA-regulated stablecoin backed by a bank. This development aligns with the EU's Markets in Crypto Assets Regulation, potentially setting a new standard for cryptocurrency compliance in Europe.
Binance will open spot trading pairs EUR/EURI and EURI/USDT on August 28, with deposits already available and withdrawals set to begin on August 29. The stablecoin offers a 1:1 redemption rate with the Euro, providing users with a stable and reliable digital asset.
Binance Promotes EURI with Zero-Fee Trading
To encourage adoption, Binance is offering a zero-fee promotion for EURI trading pairs, starting from the listing date and continuing until further notice. However, this offer is currently limited to users within the EU region, with several countries, including the USA, Canada, and Japan, restricted from accessing these trading pairs.
This listing not only expands Binance's offerings but also represents a significant step towards the integration of regulated, bank-backed digital assets in the cryptocurrency ecosystem.
