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Asset · inactive · EUR-denominated
EURL · Lugh EUR-L
DiscontinuedHistorical asset
Issuer Lugh (DASP; issuer acquired by Tempo France, 2024)Type Fiat-backed euro e-moneyJurisdiction FranceChains Tezos · Ethereum
Historical asset
Lugh EUR-L (EURL) is no longer included in the active euro-stablecoin ranking, the headline aggregate, or recurring data collection. Historical information is preserved for reference. See all inactive euro stablecoins →Status
Discontinued
Launch
2021
Issuer
Lugh
Historical chains
Tezos · Ethereum
Last verified supply
Residual dust only
Redemption
August 30, 2024 (passed)
Historical context
An early French fiat-backed euro e-money token of Groupe Casino origin, launched on Tezos (FA2) in 2021 and later deployed on Ethereum.
It was aimed at mainstream European payments and backed by euro reserves held at EU credit institutions. Ahead of MiCA the product was discontinued: new issuance halted and the issuer guaranteed redemption only through 30 August 2024, after which no issuer redemption remained. The DASP issuer was acquired by Tempo France in 2024, and only residual on-chain dust may persist today.
Why it is inactive
Discontinued
Redemption ended on 30 August 2024 ahead of MiCA; issuance had already halted and the DASP issuer was acquired by Tempo France in 2024.
Redemption. Redemption was guaranteed only through 30 August 2024, which has passed. No issuer redemption is available now; only residual on-chain dust may remain.
Terminal supply state
Terminal state
Residual dust only
The issuer redemption guarantee ended on 30 August 2024; only residual on-chain dust may remain. No reliable circulating series is maintained.
Key facts · EURL
| Issuer | Lugh |
| Legal entity | Lugh (DASP; issuer acquired by Tempo France, 2024) |
| Jurisdiction | France |
| Product type | Fiat-backed euro e-money |
| Regulatory status | French DASP registration (pre-MiCA); not a MiCA EMT |
| Backing model | Fiat-backed euro e-money (Groupe Casino origin); reserves historically at EU credit institutions. |
| Historical chains | Tezos, Ethereum |
| Launch | 2021 |
| Redemption | August 30, 2024 (passed) |
| Last verified supply | Residual dust only |
| Current status | Discontinued |
Key timeline
2021
A Groupe Casino-originated euro e-money token, later also deployed on Ethereum.· Lugh
2024-08-30
Issuance had halted and the issuer guaranteed redemption only through this date; the DASP issuer was acquired by Tempo France in 2024.· Lugh
Source register · EURL
Issuer
↗Issuer / product page
www.lugh.io/
Developer API · EURL
EURL is an inactive coin covered for reference. It is excluded from the active ranking and the headline aggregate, and recurring data collection is disabled — so it is not exposed through the live v1 data API. Any historical records already collected remain in place. Issuer, regulatory and wind-down facts for EURL are published on this page and on /inactive-euro-stablecoins.