Newrails has launched the euro stablecoin EURW that complies with MiCA standards based on the Monad platform

The electronic money institution Newrails, regulated by the Bank of Lithuania, announced the launch of the euro stablecoin EURW on Monad, compliant with MiCA standards.

Newrails holds dual licenses as an electronic money institution (EMI) in Lithuania and a virtual asset service provider (VASP) in the Czech Republic. Each EURW token is backed 1:1 by euro reserves, allowing token holders to exchange them for fiat euros at any time without fees, aimed at providing production-grade stablecoin infrastructure for Web3 builders, payment developers, and RWA teams.