EURW stablecoin is live on Monad, powered by Newrails
Monad Foundation
@monad (opens in new tab)- Published on
- · 1 min read
EURW, a MiCA-compliant euro stablecoin from Newrails, is now live on Monad. Newrails is a licensed Electronic Money Institution regulated by the Bank of Lithuania, with VASP licensing in Czechia, and each EURW token is backed 1:1 by euro reserves and redeemable for fiat euros at any time. That brings a regulated euro onto Monad with the compliance footing that institutions and payments builders need.
As a cross-border payment rail, EURW pairs Newrails's euro stablecoin with an IBAN account into a direct on and off ramp without intermediaries, which positions Newrails as a European settlement node for regulated stablecoin flows. As infrastructure for tokenized real-world assets, EURW gives RWA issuers a regulated euro to price, distribute, and settle tokenized assets against, composable with the rest of the Monad economy.
Money moves on Monad.