TechFlow News: On March 26, Newrails—an electronic money institution (EMI) licensed by the Bank of Lithuania—announced today the launch of EURW, a MiCA-compliant euro-pegged stablecoin, on Monad. Newrails holds dual licenses: an EMI license in Lithuania and a virtual asset service provider (VASP) license in the Czech Republic. Each EURW token is fully backed 1:1 by euro reserves, and token holders can redeem EURW for fiat euros at any time with zero fees. EURW aims to deliver production-grade stablecoin infrastructure for Web3 builders, payment developers, and real-world asset (RWA) teams.
The two primary use cases for EURW on Monad are: (1) serving as a key European node for globally regulated stablecoins to power cross-border payments; and (2) functioning as a payment channel and distribution mechanism to further support RWA growth.
Newrails uniquely integrates the euro stablecoin with IBAN accounts, enabling instant, intermediary-free deposits and withdrawals. Meanwhile, Monad’s 10,000 TPS throughput and sub-second finality provide the performance required for global payments and high-frequency applications. By combining EURW’s MiCA compliance and embedded banking functionality with Monad’s high-performance, EVM-compatible environment, this integration delivers a production-ready settlement solution for Web3 builders, infrastructure teams, and RWA developers.
