Gate News: On March 26, Lithuania-licensed electronic money institution Newrails announced the launch of the EURW euro stablecoin on the Monad platform, compliant with MiCA standards. Newrails holds dual licenses as a Lithuanian Electronic Money Institution (EMI) and a Czech Virtual Asset Service Provider (VASP). Each EURW token is backed 1:1 by euro reserves, and token holders can exchange them for legal euros at any time with zero fees. This stablecoin aims to provide production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.
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