EUROe (EUROe) frozen stablecoin archive
EUROe was Membrane's Finnish EMI-licensed euro stablecoin, decommissioned in 2026 after Paxos acquired Membrane and switched the platform to redemption-only.
Static Profile
Static stablecoin profile
EUROe (EUROe) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro.
AI summary / Updated May 18, 2026
EUROe is no longer an active growth stablecoin. Paxos says the Membrane product line has been decommissioned, operations have ceased, and holders are directed to redeem 1:1 for EUR through the redemption-only process.
AI summary · drafted by codex-stablecoin-review · reviewed by Codex data review on May 18, 2026 · facts as of May 18, 2026
- Collateral
- Euro fiat reserves and euro-denominated assets held by Membrane Finance for issued EUROe
- Peg Mechanism
- Direct 1:1 euro issuance and redemption through Membrane's verified-customer platform, with public transparency and regulation pages describing reserve attestations
- Jurisdiction
- Finland / FIN-FSA / Electronic Money Institution
- Proof Of Reserves
- Self-Reported PoR by Paxos Issuance Europe redemption notice Reserve source
Snippet Answer
Is EUROe safe?
EUROe is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Real-World Asset Backed backing, Self-Reported PoR from Paxos Issuance Europe redemption notice, and notes that issuer or admin freeze controls are recorded.
Next Actions
Frozen archives keep historical context; live alerts are available for active tracked assets.
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 18, 2026.
EUROe quick answers
What is EUROe (EUROe)?
EUROe was Membrane's Finnish EMI-licensed euro stablecoin, decommissioned in 2026 after Paxos acquired Membrane and switched the platform to redemption-only. The static profile records its Euro peg mechanism as: Direct 1:1 euro issuance and redemption through Membrane's verified-customer platform, with public transparency and regulation pages describing reserve attestations
What backs EUROe?
Pharos classifies EUROe backing as Real-World Asset Backed. Collateral, per the static profile: Euro fiat reserves and euro-denominated assets held by Membrane Finance for issued EUROe Reserve evidence: Self-Reported PoR from Paxos Issuance Europe redemption notice.
Can EUROe be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. EUROe is a frozen Pharos archive; the recorded history below is read-only.