Newrails launches the EURW euro stablecoin on the Monad platform in compliance with MiCA standards

ChainCatcher news, Newrails, an electronic money institution regulated by the Bank of Lithuania, has announced the launch of the MiCA-compliant EURW euro stablecoin 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, allowing token holders to exchange them for fiat euros at any time with zero fees. The aim is to provide production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.