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Newrails launches EURW, a MiCA-compliant euro stablecoin based on the Monad platform
Golden Finance reports that on March 26, Lithuania-licensed electronic money institution Newrails announced the launch of the MiCA-compliant euro stablecoin EURW on Monad.
Newrails holds dual licenses as a Lithuanian Electronic Money Institution (EMI) and a Czech Virtual Asset Service Provider (VASP). Each EURW token is backed 1:1 by euro reserves, and token holders can exchange them for legal euros at any time with zero fees. The goal is to provide production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.