EUROe is a euro-denominated e-money token launched in February 2023 by Membrane Finance Oy, a Finnish Electronic Money Institution authorised by FIN-FSA. Paxos acquired Membrane Finance (completed 4 February 2025, entity renamed Paxos Issuance Europe Oy) and has decommissioned the EUROe product: it is in Redemption-Only Mode.

Can I still redeem EUROe?

Yes. Per the official Paxos notice, EUROe holders can redeem 1:1 for EUR via SEPA transfer after completing KYC. No new EUROe is minted and trading support has ended. Consult paxos.com/euroe-redemptions for the current mechanics before acting.

Was EUROe a MiCA e-money token?

Yes. The issuer is an authorised EMI under FIN-FSA supervision, and the EUROe EMT white paper notification (29 June 2024) appears in ESMA’s interim MiCA register. The token is nonetheless being decommissioned — Paxos kept the Finnish EMI licence for its other EU products.

What does the EUROe supply figure on eurostablecoins.xyz mean?

It is the residual on-chain supply of a decommissioned coin, expected to decline as holders redeem 1:1 via the Paxos process. The series is tracked so the redemption burn-down stays observable. EUROe has no independent aggregator peg source — it was delisted after the decommissioning — so no peg series is shown.

Asset · stablecoin · EUR-denominated

EUROe · EUROe

Redemption-only · FIN-FSA (Finnish Financial Supervisory Authority)Regulator

IssuerMembrane Finance / Paxos · Finland (EU)Supply as of 29 Sep 2026, 20:00 UTC

Wind-down & redemption →← Overview

Circulating supplyEUR

€116K

0.00% · 30d

Total supplyon-chain

€116K

0.00% · 30d total

100.0% circulating

Peg (latest)±1.00%

—

Holdersunique

1,899

—

Active chains4 of 5

—

Circulating supply · by chain (stacked)

€115,588

30d 0.00%

116K87K58K29K0

30 Aug07 Sep14 Sep22 Sep29 Sep

Solana · 50.0% · €58KPolygon · 32.1% · €37KEthereum · 17.7% · €21KAvalanche · 0.1% · €109

Transfer volume · peer transfers

Period volume30D

—

mint and burn excluded

Daily averageEUR

—

30 calendar days

Transferscount

—

0 observed days

Coveragechains

Collection ended

series stale · volume collapse flagged · per-chain coverage not yet verified

No validated transfer-volume observations for EUROe in this period.

Gross peer-to-peer token movements across covered deployments. Missing dates are not treated as zero. Chart daily; CSV export keeps every daily observation.

Holders · by chainOn-chain

#ChainHolders%

01Solana1,20263.3%

02Polygon46624.5%

03Ethereum1648.6%

04Avalanche673.5%

HOLDER ADDRESSES

1,899

ACTIVE 30D

—

Holder counts are on-chain wallet addresses, not verified users, and are the SUM of per-chain holder counts — a wallet active on several chains is counted once per chain, not de-duplicated across chains. One person may hold many addresses; contracts, bridges, and exchange wallets each count once.

Source register · this asset

Regulator

Issuer is an authorised EMI (FIN-FSA); EUROe EMT white paper notified under MiCA — token decommissioned, Redemption-Only Mode

www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv

↗

Issuer doc

Whitepaper

www.membrane.fi/whitepapers/EUROe.html

↗

Issuer doc

Redemption policy

www.paxos.com/euroe-redemptions

↗

Issuer doc

Official website

www.paxos.com/euroe-redemptions

↗

Reference · EUROe

EUROe: decommissioned, redemption-only

EUROe was launched in February 2023 by Membrane Finance Oy, a Finnish EMI authorised by FIN-FSA, and was one of the first EU-regulated euro stablecoins. Paxos completed its acquisition of Membrane Finance on 4 February 2025 (entity renamed Paxos Issuance Europe Oy) and has decommissioned the EUROe product: per the official notice published 11 June 2026, EUROe is in Redemption-Only Mode — no new minting or trading, with 1:1 EUR redemption via SEPA after KYC. eurostablecoins.xyz keeps tracking the residual on-chain supply so the redemption burn-down stays observable; there is no independent peg source since the token was delisted after decommissioning. This page is deliberately short.

Key facts

Field-level summary. The source class describes the kind of source backing each row (see source classes).

Field	Value	Source class	Source / basis
Symbol	EUROe	Regulator-sourced fact	ESMA interim MiCA EMT register (S2)
Status	Decommissioned — Redemption-Only Mode (notice published 11 Jun 2026)	Issuer-document fact	Paxos redemption notice (S1)
Issuer	Paxos Issuance Europe Oy (formerly Membrane Finance Oy)	Regulator-sourced fact	ESMA register (S2); Paxos acquisition release (S3)
Issuer jurisdiction	Finland (EU)	Regulator-sourced fact	ESMA register (S2)
Regulator	FIN-FSA (Finnish Financial Supervisory Authority); authorised EMI since 23 Nov 2022	Regulator-sourced fact	ESMA register (S2)
MiCA / EMT classification	EMT white paper notified 29 Jun 2024 (ESMA interim MiCA register) — token decommissioned	Regulator-sourced fact	ESMA register (S2)
Redemption (current)	1:1 EUR via SEPA after KYC; no new minting or trading	Issuer-document fact	Paxos redemption notice (S1)
Backing model (white paper)	1:1 EUR e-money; reserves historically at EU/EEA credit institutions	Issuer-document fact	EUROe MiCA white paper (S4). The named reserve banks (issuer claims) are recorded in the registry notes.
Reserve attestation file URL	Not published for the redemption-only phase	No public source found	No current attestation document has been sourced; the registry-stored reserve_report_url is null.
Registry chains	Ethereum, Polygon, Avalanche, Optimism (contracts re-verified on-chain 2026-06-12)	Market-data observed	symbol()/decimals() re-verified via eth_call on 12 Jun 2026 at 0x8208…2974 on all four chains.
Other reported deployments	Arbitrum, Solana, Concordium residuals reported by aggregators — not independently verified	Conflicting or incomplete source coverage	The issuer’s developer-documentation site is offline; those addresses could not be independently verified and are not tracked.
Tracked residual supply	€115.6K	Market-data observed	On-chain snapshot across the four verified chains; expected to decline as holders redeem via the Paxos process.
Peg data availability	No independent aggregator peg source — EUROe was delisted after the decommissioning	No public source found	A redemption right is not treated as a market price feed; see /data-coverage.
Developer API access	/api/v1/supply/euroe, /api/v1/history/*/euroe, /api/v1/holders/euroe	Market-data observed	€49/month subscription + API key; CORS-enabled, see /docs

Decommissioning timeline

23 November 2022 — Membrane Finance Oy authorised as an EMI by FIN-FSA. [S2]
February 2023 — EUROe launched, one of the first EU-regulated euro stablecoins.
29 June 2024 — EUROe EMT white paper notified under MiCA; the row appears in ESMA’s interim register. [S2]
4 February 2025 — Paxos completed the acquisition of Membrane Finance; entity renamed Paxos Issuance Europe Oy. [S3]
11 June 2026 — Paxos published the Redemption-Only Mode notice; euroe.com now redirects to it. No new minting or trading; 1:1 EUR redemption via SEPA after KYC. [S1]

Paxos retained the Finnish EMI licence for its other EU-regulated products; the EUROe product line itself is being wound down.

What the live data covers

Market-data observed

eurostablecoins.xyz tracks EUROe’s residual on-chain supply across the four verified chains (Ethereum, Polygon, Avalanche, Optimism — same contract address on all four, re-verified on-chain on 12 June 2026). The figure is expected to decline as holders redeem 1:1 via the Paxos process. Aggregator-reported residuals on Arbitrum, Solana and Concordium are not tracked because those addresses could not be independently verified after the issuer’s developer-documentation site went offline. No peg series is shown: EUROe has no independent aggregator price source since it was delisted after decommissioning, and a redemption right is not treated as a market price feed.

Latest tracked residual supply: €115.6K · 4 tracked chains · snapshot 29 Sept.

EUROe API access

eurostablecoins.xyz exposes EUROe data through the v1 API (an active €49/month subscription and API key are required). All endpoints return JSON, are CORS-enabled and are stable under /api/v1/*.

/api/v1/coins/euroe — EUROe metadata and current state.
/api/v1/supply/euroe — latest EUROe supply snapshot.
/api/v1/history/supply/euroe — daily EUROe supply history.
/api/v1/holders/euroe — latest EUROe holder snapshot.

Latest EUROe news · source-linked

Latest EUROe news

View all euro stablecoin news ->

Source-linked updates only. No article republishing.

Issuer updateIssuer11 Jun 2026Paxos places EUROe in Redemption-Only Mode — no new minting or trading, 1:1 EUR redemption via SEPAPaxos ->
Issuer updateIssuer4 Feb 2025Paxos completes acquisition of Membrane Finance, the Finnish EMI issuing EUROePaxos ->

EUROe FAQ

What is EUROe?: EUROe is a euro-denominated e-money token launched in February 2023 by Membrane Finance Oy, a Finnish Electronic Money Institution authorised by FIN-FSA. Paxos acquired Membrane Finance (completed 4 February 2025, entity renamed Paxos Issuance Europe Oy) and has decommissioned the EUROe product: it is in Redemption-Only Mode.
Can I still redeem EUROe?: Yes. Per the official Paxos notice, EUROe holders can redeem 1:1 for EUR via SEPA transfer after completing KYC. No new EUROe is minted and trading support has ended. Consult paxos.com/euroe-redemptions for the current mechanics before acting.
Was EUROe a MiCA e-money token?: Yes. The issuer is an authorised EMI under FIN-FSA supervision, and the EUROe EMT white paper notification (29 June 2024) appears in ESMA’s interim MiCA register. The token is nonetheless being decommissioned — Paxos kept the Finnish EMI licence for its other EU products.
What does the EUROe supply figure on eurostablecoins.xyz mean?: It is the residual on-chain supply of a decommissioned coin, expected to decline as holders redeem 1:1 via the Paxos process. The series is tracked so the redemption burn-down stays observable. EUROe has no independent aggregator peg source — it was delisted after the decommissioning — so no peg series is shown.

Sources

Sources are grouped by source class.

Regulator / register sources (1)

ESMA’s interim MiCA register lists Paxos Issuance Europe Oy (Finland, FIN-FSA) as an EMT issuer with the EUROe white paper notified on 29 June 2024. The register is a weekly-updated CSV without stable row deep-links; the file URL is cited.

S2 — ESMA interim MiCA register — EMT white papers (EMTWP.csv)

Issuer documents (3)

The Paxos redemption notice is the source of truth for the decommissioning and the current redemption mechanics (euroe.com redirects to it). The acquisition press release establishes the issuer-entity change; the MiCA white paper documents the token design and backing model.

When citing eurostablecoins.xyz data, include the page URL and the access date.

Developer API · EUROe

These endpoints return EUROe data as JSON. They require an active €49/month subscription and an API key sent as an Authorization: Bearer <key> header — opening one in a browser without a key returns 401. Copy a path below, then:

Read the API docs →See a sample response (no key needed) →Subscribe · €49/month →

Base URL https://www.eurostablecoins.xyz

Latest snapshot
/api/v1/coins/euroe
Latest supply
/api/v1/supply/euroe
Daily supply history
/api/v1/history/supply/euroe?period=max
Latest peg metrics
/api/v1/peg/euroe
Daily peg history
/api/v1/history/peg/euroe?period=1y
Daily mint / burn
/api/v1/history/mint-burn/euroe?period=1y
Transfer volume summary
/api/v1/transfer-volume/euroe?period=30d
Daily transfer volume
/api/v1/history/transfer-volume/euroe?period=12m
Latest holder snapshot
/api/v1/holders/euroe

EUROe: decommissioned, redemption-only

Field

Value

Source class

Source / basis

Symbol

EUROe

Regulator-sourced fact

ESMA interim MiCA EMT register (S2)

Status

Decommissioned — Redemption-Only Mode (notice published 11 Jun 2026)

Issuer-document fact

Paxos redemption notice (S1)

Issuer

Paxos Issuance Europe Oy (formerly Membrane Finance Oy)

Regulator-sourced fact

ESMA register (S2); Paxos acquisition release (S3)

Issuer jurisdiction

Finland (EU)

Regulator-sourced fact

ESMA register (S2)

Regulator

FIN-FSA (Finnish Financial Supervisory Authority); authorised EMI since 23 Nov 2022

Regulator-sourced fact

ESMA register (S2)

MiCA / EMT classification

EMT white paper notified 29 Jun 2024 (ESMA interim MiCA register) — token decommissioned

Regulator-sourced fact

ESMA register (S2)

Redemption (current)

1:1 EUR via SEPA after KYC; no new minting or trading

Issuer-document fact

Paxos redemption notice (S1)

Backing model (white paper)

1:1 EUR e-money; reserves historically at EU/EEA credit institutions

Issuer-document fact

EUROe MiCA white paper (S4). The named reserve banks (issuer claims) are recorded in the registry notes.

Reserve attestation file URL

Not published for the redemption-only phase

No public source found

No current attestation document has been sourced; the registry-stored reserve_report_url is null.

Registry chains

Ethereum, Polygon, Avalanche, Optimism (contracts re-verified on-chain 2026-06-12)

Market-data observed

symbol()/decimals() re-verified via eth_call on 12 Jun 2026 at 0x8208…2974 on all four chains.

Other reported deployments

Arbitrum, Solana, Concordium residuals reported by aggregators — not independently verified

Conflicting or incomplete source coverage

The issuer’s developer-documentation site is offline; those addresses could not be independently verified and are not tracked.

Tracked residual supply

€115.6K

Market-data observed

On-chain snapshot across the four verified chains; expected to decline as holders redeem via the Paxos process.

Peg data availability

No independent aggregator peg source — EUROe was delisted after the decommissioning

No public source found

A redemption right is not treated as a market price feed; see /data-coverage.

Developer API access

/api/v1/supply/euroe, /api/v1/history/*/euroe, /api/v1/holders/euroe

Market-data observed

€49/month subscription + API key; CORS-enabled, see /docs

Developer API · EUROe

Read the API docs →See a sample response (no key needed) →Subscribe · €49/month →

Base URL https://www.eurostablecoins.xyz

Latest snapshot
/api/v1/coins/euroe
Latest supply
/api/v1/supply/euroe
Daily supply history
/api/v1/history/supply/euroe?period=max
Latest peg metrics
/api/v1/peg/euroe
Daily peg history
/api/v1/history/peg/euroe?period=1y
Daily mint / burn
/api/v1/history/mint-burn/euroe?period=1y
Transfer volume summary
/api/v1/transfer-volume/euroe?period=30d
Daily transfer volume
/api/v1/history/transfer-volume/euroe?period=12m
Latest holder snapshot
/api/v1/holders/euroe