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Asset · inactive · EUR-denominated
ibEUR · Iron Bank EUR
AbandonedHistorical asset
Issuer No legal entity — decentralized protocol (Fixed Forex / Iron Bank)Type Decentralized crypto-collateralised syntheticJurisdiction Decentralized protocolChains Ethereum
Historical asset
Iron Bank EUR (ibEUR) is no longer included in the active euro-stablecoin ranking, the headline aggregate, or recurring data collection. The project was abandoned; only a residual on-chain trace remains, preserved here for reference. See all inactive euro stablecoins →Status
Abandoned
Issuer
Fixed Forex
Historical chains
Ethereum
Last verified supply
~3,000,000 nominal (not a euro value)
Historical context
A decentralized crypto-collateralised synthetic euro from the Fixed Forex / Iron Bank system, with no central issuer or legal entity.
Rather than holding fiat reserves, it maintained its peg through on-chain collateral and protocol incentives. The Fixed Forex / Iron Bank system was abandoned, and the token is now severely depegged at roughly $0.004, so its ~3,000,000 nominal on-chain supply is not a reliable euro value and no longer represents a functioning euro liability. It is preserved on-chain but excluded from the headline aggregate.
Why it is inactive
Abandoned
Abandoned — the Fixed Forex / Iron Bank protocol is defunct and the token is severely depegged (~$0.004), so it no longer represents a functioning euro liability.
Redemption. No redemption mechanism exists (decentralized and abandoned). Residual on-chain balances are preserved, not forced to zero, but there is no reliable reserve or euro claim.
Terminal supply state
Terminal state
~3,000,000 nominal (not a euro value)
Verified
2026-07-29
Verified on-chain on 29 July 2026 across 562 holders. Severely depegged (~$0.004), so the nominal figure is not a reliable euro value — ibEUR is excluded from the headline aggregate. No euro-denominated supply series is published. Source ↗
Key facts · ibEUR
| Issuer | Fixed Forex |
| Legal entity | No legal entity — decentralized protocol (Fixed Forex / Iron Bank) |
| Jurisdiction | Decentralized protocol |
| Product type | Decentralized crypto-collateralised synthetic |
| Regulatory status | None (decentralized synthetic); not a MiCA EMT |
| Backing model | Decentralized crypto-collateralized synthetic (Fixed Forex); no fiat reserve; severely depegged. |
| Historical chains | Ethereum |
| Last verified supply | ~3,000,000 nominal (not a euro value) |
| Current status | Abandoned |
Key timeline
2026-07-29
Ethereum contract 0x96e6…aae27 verified with ~3,000,000 nominal supply across 562 holders; the market price sits near $0.004, so the nominal figure is not a euro value.· On-chain (Blockscout)
Source register · ibEUR
Developer API · ibEUR
ibEUR 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 ibEUR are published on this page and on /inactive-euro-stablecoins.