Deployments · platform by Fireblocks

Banking Circle EURI euro stablecoinUpdated 7 Nov 2026

A euro stablecoin issued by Banking Circle, a Luxembourg payments bank, as a MiCA e-money token on Ethereum and BNB Smart Chain. Launched in August 2024 with first trading on Binance, it is minted and burned through Fireblocks' tokenisation engine, with reserves held by Banking Circle in a segregated, bankruptcy-remote structure. About 37 million tokens were in circulation in October 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 28 Aug 2024^[3] · Reviewed 25d ago

Assets: Stablecoin^[2]
Bank-issued euro e-money token under MiCA
Networks: Ethereum Public, permissionless^[2]
BNB Chain Public, permissionless^[2]
Use cases: Primary issuance^[4]Payments^[2]
Jurisdictions: Luxembourg, European Union

Participants

Banking CircleIssuer, Custodian^[2]Luxembourg
FireblocksPlatform provider, Technology provider^[2]United States
BinanceDistributor^[2]Global
A&O ShearmanLegal or professional adviser^[3]United Kingdom

Operates under

MiCA e-money token issuers notified on ESMA's interim register (selected holders)European Union · Product or firm authorisation^[1]
Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114European Union · Primary legislation^[2][5]

Assets

IssuesEURI (EURI)^[2]

Metrics

~€33.14mTokens in circulation · as of 11 Oct 2026^[4]
On-chain via DefiLlama: sum of per-chain euro balances. Corrected 2026-10-11: the earlier total was DefiLlama's summary figure, which is in US dollars.
~€30.17mTokens in circulation · as of 11 Oct 2026 · on Ethereum^[4]
On-chain via DefiLlama.
~€2.97mTokens in circulation · as of 11 Oct 2026 · on BNB Chain^[4]
On-chain via DefiLlama; the per-chain figures sum to about 33.1 million versus the 37.1 million total.
~€32.64mSupply on chain (daily) · as of 7 Nov 2026^[6]
Automated daily reading of on-chain supply across all chains.
~€2.96mSupply on chain (daily) · as of 7 Nov 2026 · on BNB Chain^[6]
Automated daily reading.
~€29.67mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum^[6]
Automated daily reading.

Timeline

Happened 28 Aug 2024 · Launch · recorded 11 Oct 2026
Trading in EURI starts on Binance.^[3]
Happened 26 Aug 2024 · Announcement · recorded 11 Oct 2026
Banking Circle announces EURI, its first e-money token, on Ethereum and BNB Smart Chain.^[2]

Sources

[1]Interim MiCA register of e-money token white papers (EMTWP.csv) — ESMA. Accessed 14 Oct 2026.A
[2]Banking Circle launches the first bank-backed MiCA-compliant stablecoin, EURI — Banking Circle, 26 Aug 2024. Accessed 11 Oct 2026.B
[3]A&O Shearman advised Banking Circle on the issuance of MiCA-regulated stablecoin Eurite — A&O Shearman, Aug 2024. Accessed 11 Oct 2026.B
[4]Eurite stablecoin data (API) — DefiLlama, 11 Oct 2026. Accessed 11 Oct 2026.A
[5]Interim MiCA register - white papers for e-money tokens (EMTWP) — ESMA. Accessed 13 Oct 2026. Lists Banking Circle S.A., a CSSF-supervised credit institution, with its EURI white paper notified 28 August 2024..A
[6]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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