Deposits are made through fiat SEPA payments which are automatically minted as EURe tokens on Ethereum, Polygon, or Gnosis. Withdrawals are made with a signature from the wallet after which the EURe is burned and a fiat SEPA payment is made to the specified bank account.

Monerium is a financial technology company that is the principal architect of EURe - an EU regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain.

Monerium is a private company registered in Iceland and has received backing from various investors, including Algorand, ConsenSys Mesh and The Icelandic Technology Development Fund etc.

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Monerium - Financial statement