### What is EURA?

EURA is a decentralised and over-collateralised euro stablecoin designed for decentralised finance (DeFi) use cases. It is issued by the Angle Protocol and is meant to maintain a strong peg to the euro.

### How does EURA work?

EURA operates on a system where it is over-collateralised with crypto reserves. This means that there is more value held in reserve than the total value of EURA issued, which helps maintain its stability and peg to the euro. The system utilises transparent, decentralised mechanisms and aims to offer a competitive option for exchanging USD for Euro on-chain, among other DeFi functions.

### What are the potential use cases for EURA?

Potential use cases for EURA include earning yield, making payments to contributors, and providing an entry point into cryptocurrency markets without being exposed to significant volatility. EURA can also be used in various DeFi applications and financial transactions that require euro-denominated stable assets.

### What is the history of EURA?

EURA was launched on 23 October 2021 by the Angle Protocol. Its development has focused on creating a stable and dependable euro-pegged asset for use within DeFi ecosystems. Its features include being over-collateralised, offering robust anti-depeg mechanisms, and being designed to generate yield for users.

agEUR

Deposits and withdrawals are not currently available for this coin.

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