Monerium
Monerium EMI ehf.
Monerium is an Icelandic electronic money institution (EMI), authorized by the Central Bank of Iceland and passported across the European Economic Area. It issues EURe, a MiCA-compliant euro e-money token (EMT), backed 1:1 by euros in segregated accounts and redeemable at par via SEPA. It was the first EMI to issue e-money on a public blockchain (2019) and today operates on networks such as Ethereum, Polygon and Gnosis, bridging bank accounts and on-chain wallets.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Fiat rails | SEPA, SEPA-Instant |
| Stablecoins | EURe |
| Custody model | qualified-custody |
| Customer type | Fintech, Enterprise, Developers, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | EEA, UK |
| Regulator | Central Bank of Iceland |
| OAM Italy registration | No |
| Segment | B2B |
| MiCA / License status | EMI (Central Bank of Iceland)MiCA EMT EEA-passported EMI · MiCA (EMT) |
Strengths
- Fully regulated euro EMT (Icelandic EMI, MiCA-compliant) with 1:1 backing and at-par SEPA redemption.
- Pioneer: first EMI to issue e-money on a public blockchain, with an IBAN linkable to wallets.
- No notable sovereignty advantage documented.
Weaknesses
- Focused on the euro and the EEA/UK area: not a global multi-currency solution.
- Aimed mainly at B2B integrations and crypto-native users rather than the general public.
- Custodial: the platform holds your funds and can freeze or lose them.
- Subject to regulation (EEA-passported EMI · MiCA (EMT)): reporting to authorities and freezes on order.
Verdict
Score 4.2/5, very strong profile. In its favour: fully regulated euro EMT (Icelandic EMI, MiCA-compliant) with 1:1 backing and at-par SEPA redemption. The trade-off to weigh: focused on the euro and the EEA/UK area: not a global multi-currency solution.
On the Sovereignty lens the score is 0.5/5 (weak): the strength is fund control (0.5/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is EURe a regulated stablecoin?
Yes. EURe is a euro e-money token (EMT) issued by Monerium, an EMI authorized by the Central Bank of Iceland and MiCA-compliant, backed 1:1 and redeemable via SEPA.
Does Monerium custody the funds backing EURe?
Yes. As an EMI, Monerium holds the euros backing EURe in segregated, safeguarded accounts, in line with regulatory obligations.
Sources
- Official service page Data verified on Jul 17, 2026
- micacryptoalliance.com Data verified on Jul 17, 2026
- thebanks.eu Data verified on Jul 17, 2026