What is StablR Euro (EURR) and how to buy it easily

EURR is a stablecoin issued by StablR Ltd., a fintech company regulated in Malta. This stablecoin is designed to maintain a stable value relative to the euro and is classified as a Electronic Money Token (EMT).

Unlike other cryptocurrencies that can be volatile, EURR offers a stability that makes it ideal for a variety of financial and commercial uses. In fact, that is its main asset and as you will see below, EURR seeks to position itself as an option for the digital representation of tokenized euros on the blockchain. But first, do you know what a stablecoin is? If you are not sure, you can take this free course where we explain it to you:

Why was EURR created?

Firstly, The main reason behind the creation of EURR is to provide a digital alternative to traditional money that is more efficient, secure and accessible.. Recall that cryptocurrencies like Bitcoin and Ethereum have proven useful, but their volatility makes them less suitable for daily transactions and value storage. EURR addresses this limitation by being backed 1:1 by euros in reserves, ensuring that its value remains stable relative to this currency.

Of course, to achieve this, EURR relies on deep integration with the MiCA regulation. Recall that the MiCA (Markets in Crypto-Assets) regulation is a regulatory framework of the European Union that seeks to harmonize the rules for crypto assets across the bloc. This regulation aims to provide legal clarity and consumer protection, which is essential to foster trust and adoption of crypto assets.

Through this integration, EURR seeks to meet transparency, security and consumer protection requirements, including the obligation to maintain adequate reserves to back each EURR unit issued, as well as the implementation of regulatory compliance procedures, such as anti-money laundering (AML) and combating the financing of terrorism (CFT).

Of course, this helps to promote trust in cryptoassets by requiring regular audits and disclosure of relevant information, which benefits EURR users by providing a safer and more regulated environment for their transactions.

EURR Technical Features

This brings us to study the technical characteristics that make EURR comply with all of the above. Firstly, EURR is issues as an ERC-20 token on the Ethereum blockchain, providing it with a robust and secure infrastructure. The choice of Ethereum allows EURR to benefit from the wide acceptance and liquidity offered by this platform, being the largest in the DeFi sector, where EURR has great potential for use.

But EURR does not only stand out for this, but also among its characteristics we can highlight:

• Full support:Each EURR is backed 1:1 by euros in reserves, which are held in segregated accounts to ensure the security of the funds.
• Emission and burning mechanism: EURR uses an issuance and burning system that allows the supply of tokens to be adjusted based on demand, thus keeping their value stable.
• Transparency: EURR reserves are regularly audited and real-time information is provided on their status, increasing user confidence.
• Security and Governance: EURR’s security is ensured through advanced encryption and multi-factor authentication protocols. Additionally, the token issuance and burning process is subject to a governance system that requires multiple approvals, helping to prevent unauthorized actions.
• Proof of Reserves (PoR): StablR Ltd. uses a system of proof of reservations which allows users to verify that each EURR is backed by one euro. This is achieved by using audit services and decentralized oracles that provide real-time transparency on reserves.
• Multi-Party Computing (MPC) Technology: EURR uses MPC to secure the private keys that control the issuance of tokens, providing a high level of security against hacking and unauthorized access.
• Scalability: StablR plans to expand EURR to other blockchains to improve its scalability and reduce transaction fees. This includes integration with Layer 1 and Layer 2 blockchains that are designed to handle higher transaction volumes.

High programmability

But perhaps most importantly, EURR not only stands out as a stablecoin Not only is EURR backed by the euro, but it also has API (Application Programming Interface) capabilities that allow it to be integrated into various applications and systems. These APIs facilitate the interaction between EURR and other platforms, opening up a range of possibilities for its use in the traditional financial world (TradFi), Fintech and Decentralized Finance (DeFi).

How EURR APIs work (available for institutional clients only)

First, EURR APIs allow developers and businesses to interact with StablR’s infrastructure efficiently and securely. Below are some of the key aspects of how these APIs work:

1. Integration interfaceAPIs provide endpoints that allow applications to send and receive data in a structured manner. This includes operations such as issuing new tokens, burning tokens, querying balances, and performing transactions.
2. Authentication and security: To ensure security, EURR APIs implement robust authentication protocols, such as OAuth (a secure web authentication standard), that ensure that only authorized users can access critical functions. This is critical to protecting users’ funds and sensitive information.
3. Real-time transactions: APIs allow for real-time transactions, meaning users can send and receive EURR instantly. This speed is crucial in today's financial environment, where speed can make all the difference in business opportunities.
4. Integration with existing systems: APIs are designed to be compatible with a variety of systems and platforms, making it easy to integrate with TradFi, Fintech, and DeFi applications. This allows businesses to leverage existing infrastructure while incorporating EURR functionality.

Potential in TradFi

Thanks to all this, EURR APIs can be used by traditional financial institutions to facilitate international payments and transfers faster and at a reduced cost, eliminating intermediaries and improving operational efficiency. In addition, institutions offering custody services can integrate these APIs to allow their clients to store and manage their assets in EURR, providing a safe and stable option for investment. Real-time settlement solutions can also be developed, allowing institutions to conduct faster and more efficient operations.

For cryptocurrency trading platforms, EURR serves as a stable collateral option that can be quickly transferred, converted to fiat, and used to meet margin requirements. This flexibility is particularly valuable when traditional banks are closed, allowing traders to maintain their positions and effectively manage risk in a continuously trading market.

Another example can be seen in the fintech space, where companies can use EURR APIs to create payment platforms that make it easier for users to make purchases and transfers, as well as integrate them into savings and lending applications so that users can earn interest on their deposits or apply for loans backed by these assets. Likewise, exchange platforms can also offer EURR trading pairs, giving users a more stable option to volatile cryptocurrencies.

Finally, in the DeFi sector, EURR APIs can help provide liquidity to exchange pools, allowing users to earn returns through liquidity provision. Additionally, DeFi applications can allow users to take out loans collateralized by EURR, giving them access to capital without needing to sell their assets, and facilitate interoperability with other stablecoins and crypto assets, allowing for easy trading and transactions across multiple platforms.

Examples of use

EURR can be used in a variety of applications within the crypto ecosystem. Some examples include:

1. International Payments: EURR can be used to make international payments quickly and with reduced fees compared to traditional methods. This is especially useful for businesses that operate in multiple countries and need to transact in different currencies.
2. Decentralized Finance (DeFi): EURR users can participate in DeFi applications, where they have the opportunity to lend, borrow, or exchange their EURR for other digital assets. This participation allows users to earn returns on their capital more efficiently than in traditional financial systems.
3. E-commerce: Online merchants can accept EURR as a form of payment, benefiting from the stability offered by this stablecoin. This option may appeal to customers who prefer to avoid the volatility associated with other cryptocurrencies.
4. Trading on Exchanges: EURR can be used as a trading pair on cryptocurrency exchange platforms. This offers traders a stable option to trade without having to constantly convert to euros.
5. Asset Tokenization (Real World Assets – RWA): EURR can also be used to tokenize real-world assets, such as real estate or stocks. This process facilitates the trading and management of such assets, expanding investment possibilities.
6. Collateral for Margin Trading and Derivatives Trading: EURR can be quickly transferred to cryptocurrency trading platforms, exchanged for fiat, and used to hedge positions or add collateral for margin trading or derivatives trading. This provides a stable option for managing risk in a 24/7 market, ensuring traders can quickly respond to margin calls and avoid liquidation, even outside of traditional banking hours.

A new gateway for the tokenized euro

StablR Euro (EURR) is presented as an innovative stablecoin that combines the stability of the euro with the flexibility and efficiency of blockchain technology. Its design and functionality not only respond to the growing demand for digital solutions in the financial field, but also align with emerging regulations in the European Union, such as the Markets in Crypto-Assets Regulation (MiCA). This provides a framework of trust and security for both users and institutions wishing to adopt this digital currency.

On the other hand, the integration of API capabilities into EURR opens up a range of opportunities for its use in various applications within the TradFi, Fintech and DeFi sectors. From facilitating international payments and fast transfers to enabling the creation of savings and lending applications, EURR is positioned as a versatile asset that can revolutionize the way we interact with money.

Furthermore, its interoperability with other cryptocurrencies and decentralized finance (DeFi) platforms suggests a future where EURR can play a crucial role in creating a more integrated and accessible financial ecosystem. In short, EURR is not only a step towards the digitalization of the euro, but also represents a significant advance towards a more inclusive and efficient financial system.