Most stablecoins follow the US dollar. That’s fine if you think in dollars, but if your salary, rent and savings are in euros, a dollar coin quietly adds exchange-rate risk. EURI was built for exactly that gap: it’s a stablecoin that tracks the euro instead.
This guide explains what the coin is, who stands behind it and how it keeps its value. It also compares it with USDC, shows how to get it on Binance with a gift card and covers the risks worth knowing before you hold it.
EURI (Eurite) is a euro stablecoin: 1 EURI is designed to be worth 1 euro. It’s issued by Banking Circle S.A., a Luxembourg bank, and backed 1:1 by euro cash. You can hold and trade it on Binance, for example by redeeming a Binance Gift Card EURI.
What Is EURI
Eurite, usually shortened to EURI, is a digital token that follows the value of the euro. Each token aims to be worth exactly one euro, so its price stays steady while Bitcoin and other coins move up and down.
The issuer is Banking Circle S.A., a credit institution based in Luxembourg and supervised by the country’s financial regulator, the CSSF. The token launched in August 2024 and is regulated in the EU as an e-money token.
On the technical side, it runs on two blockchains: Ethereum, as an ERC-20 token, and BNB Smart Chain, as a BEP-20 token. Binance was one of the first major exchanges to list it.
How EURI Keeps Its Value
A stablecoin is only as stable as what stands behind it. According to the issuer, every token in circulation is backed 1:1 by euro cash. Those funds sit in an account kept separate from the issuer’s own money, and an independent auditor confirms the backing.
In addition, holders can redeem tokens with the issuer at par, one euro per token, without a redemption fee. In practice, though, direct redemption is mainly for onboarded companies such as exchanges. Regular users buy, sell and convert the coin on an exchange like Binance instead.
The smart contract behind the token was also audited by the security firm PeckShield before launch.
EURI vs USDC: What’s the Difference
Both coins are stablecoins, but they follow different currencies. Here’s a quick comparison:
| Feature | EURI | USDC |
|---|---|---|
| Pegged to | The euro | The US dollar |
| Issuer | Banking Circle S.A. (Luxembourg) | Circle |
| Networks | Ethereum, BNB Smart Chain | Many networks |
| Best for | Holding value in euros | Holding value in dollars |
So the choice mostly depends on the currency you think in. If you plan in euros, EURI avoids the small daily swings between the euro and the dollar. If you need dollars, USDC is the more widely used option. Our guide to stablecoins vs volatile coins explains where stablecoins fit in general.
Why EURI Makes Sense for Euro Users
For anyone living in the eurozone, a euro stablecoin has a few practical advantages:
- No exchange-rate surprises: 100 EURI stays close to 100 euros, while 100 USDC moves with the dollar.
- Easier planning: balances and profits read in the same currency as your everyday spending.
- A calm place between trades: you can park value there and move into other coins when you’re ready.
For example, you might hold Eurite and later use Binance Convert to swap part of it into Bitcoin, without going through the trading screen.
How to Get EURI With a Binance Gift Card
If you don’t want to link a bank card to Binance, a Binance Gift Card EURI is a simple way in. It’s a code that loads the stablecoin straight into your account:
Since the card is denominated in euros, the amount on the card matches what you receive, without a currency conversion in between.
Prefer to watch first? This short video shows how to redeem a Binance Gift Card in the app, step by step.
Where EURI Is Used
The issuer built the token with a few clear uses in mind. Exchanges and trading firms use it to settle trades in euros, even outside banking hours. It also works for cross-border transfers, since a transaction on the blockchain doesn’t wait for bank opening times.
For everyday users, the main use is simpler: it gives you a euro balance inside the crypto world. Instead of converting euros to dollars and back, you stay in one currency the whole time.
What You Can Do With EURI on Binance
Once the coins are in your account, you have several options. You can simply hold it as a euro balance, swap it into other coins, or send it to a friend who also uses Binance through Binance Pay.
You can also withdraw them to your own wallet. In that case, choose the network carefully: the token exists on Ethereum and on BNB Smart Chain, and the receiving wallet has to support the one you pick.
If you’d rather start with a different coin, Binance Gift Cards are available for Bitcoin, Ethereum, Solana, USDC and many others.
Risks to Know Before You Hold EURI
Stablecoins are designed to be steady, but they aren’t risk-free. Keep these points in mind:
- Peg risk: in rare market stress, a stablecoin can trade slightly above or below its target value.
- Liquidity: Eurite is newer and smaller than the big dollar stablecoins, so fewer platforms and pairs support it.
- Technical risk: like any token, it relies on smart contracts and blockchains working as intended.
ImportantWhen you withdraw a stablecoin, always match the network to your wallet. Sending it over an unsupported network can mean losing the funds for good.
This guide explains how the coin works, but it isn’t financial advice. Always decide for yourself which assets to hold.
Frequently Asked Questions
EURI, or Eurite, is a stablecoin that tracks the euro. Each token is designed to be worth one euro and is backed 1:1 by euro cash.
It’s issued by Banking Circle S.A., a credit institution based in Luxembourg and supervised by the CSSF, the country’s financial regulator.
It runs on Ethereum as an ERC-20 token and on BNB Smart Chain as a BEP-20 token. Always pick the network your wallet supports when you withdraw.
No. Both are euro stablecoins, but they come from different issuers. EURI is issued by Banking Circle, while EURC is issued by Circle, the company behind USDC.
Yes. A Binance Gift Card EURI loads the stablecoin straight into your Binance account. You redeem the code in the app, and the balance appears in your Funding wallet.
It’s backed 1:1 by euro cash and issued by a supervised bank, which makes it one of the more transparent stablecoins. However, no crypto asset is completely risk-free.
Key Takeaways
