AEUR

Anchored Coins AEUR

$1,1647
1,50%
AEURERC20ETH0xA40640458FBc27b6EefEdeA1E9C9E17d4ceE7a212023-07-20
AEURBEP20BNB0xA40640458FBc27b6EefEdeA1E9C9E17d4ceE7a212023-07-19
Anchored Coins AEUR is a Switzerland-based euro-backed stablecoin, issued by Anchored Coins AG and safeguarded with reserves at regulated banks plus additional bank guarantees. It is deployed on Ethereum and BNB Chain for payments, trading, and settlements, with full compliance and audit processes.

Anchored Coins AEUR is a euro-backed stablecoin project developed by Anchored Coins AG, a financial intermediary based in Switzerland and established in 2022. The project is designed to provide a regulated and transparent digital representation of the euro on public blockchains. Its primary aim is to enable compliant, on-chain payments and settlements that mirror the trust and stability of traditional fiat systems while maintaining the programmability of blockchain technology.

The reserves supporting AEUR are held with regulated Swiss banking partners, and the project includes bank-guarantee mechanisms from institutions such as FlowBank SA and Swissquote Bank SA. These safeguards provide holders with recourse against both the issuer and the guarantor banks, enhancing user protection.

AEUR is issued as a payment token pegged 1:1 to the euro and deployed on Ethereum and BNB Chain following ERC-20 and BEP-20 standards. It serves as:

  • A digital euro for on-chain payments and settlements in DeFi and business contexts
  • A quote asset for trading pairs on exchanges or liquidity pools requiring a stable euro unit
  • A tool for treasury operations such as invoicing, payroll, and cross-border transactions
  • A medium for remittances and OTC activity where near-instant euro settlement is needed

Smart-contract functions allow minting, burning, and compliance-driven controls such as freezing/unfreezing tokens. Independent audits are conducted to verify contract security, and on-chain transparency measures provide visibility into token supply and reserve status.

AEUR is created and issued by Anchored Coins AG, incorporated in Switzerland in 2022. The company was founded by Calvin Cheng, a former member of Singapore’s Parliament and currently Serbia’s Honorary Consul to Singapore, who also serves as the company’s chairman. Anchored Coins AG operates under Swiss financial-intermediary supervision frameworks and positions itself as a bridge between regulated financial infrastructure and blockchain-based settlement. Its partnerships with regulated banks and external auditors provide the foundation for AEUR’s issuance and redemption model.