Mars Finance reports that Newrails, an e-money institution regulated by the Lithuanian Bank, has announced the launch of its MiCA-compliant euro stablecoin, EURW, on Monad. Newrails holds dual licenses as an e-money institution in Lithuania (EMI) and a virtual asset service provider in the Czech Republic (VASP). Each EURW token is backed 1:1 by the euro reserve, and token holders can exchange them for fiat euros at any time with zero fees. The initiative aims to provide production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.
Newrails has launched EURW, a MiCA-compliant stablecoin based on the Monad platform.
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