First published 11 April 2020. Expanded in October 2026 so a euro in a reserve account is not described as the token, and so this coin is not described as Euro Coin. EURS is an Ethereum token from STASIS. The company announced it as a token backed one for one by euros, and said it would be on the exchange DSX from 4 July 2018. What is Euro Coin (EURC)? is a different issuer’s euro token. What is USDC? is a dollar token. What is a stablecoin?
There is no fixed cap in that design. New tokens are supposed to appear when euros are reserved, and to leave when euros are paid out. A price near one euro is the product’s aim, not a guarantee. The company says each token is matched by a euro in reserve. A web page that says so is not the euro, and it is not cash you can withdraw from the chain. A copy on another chain is a bridge. What is a crypto bridge?
ETH pays the fee to move the Ethereum token. What if you send crypto on the wrong network? Nothing here is an instruction to mint, to redeem, or to buy EURS.
