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Asset · inactive · EUR-denominated
EUT · TerraEUR
FailedHistorical asset
Historical asset
TerraEUR (EUT) is no longer included in the active euro-stablecoin ranking, the headline aggregate, or recurring data collection. The protocol failed and the asset no longer functions; its record is preserved for reference. See all inactive euro stablecoins →Status
Failed
Issuer
Terraform Labs
Historical chains
Terra Classic
Last verified supply
Verified zero
Redemption
May 2022 (collapse)
Historical context
The euro member of the Terra family of algorithmic stablecoins, maintained by mint-burn seigniorage against LUNA (a sister asset to UST and KRT).
It held no reserves; its peg depended entirely on the algorithmic mint-burn mechanism shared across the Terra stablecoins. That mechanism collapsed with Terra/UST in May 2022, and the chain forked to Terra Classic on 28 May 2022. The native denom ueut has since been fully burned or redeemed, and its current on-chain supply is a verified zero.
Why it is inactive
Failed
Failed — the algorithmic peg mechanism collapsed with Terra/UST in May 2022; the chain forked to Terra Classic and the native denom supply is a verified zero.
Redemption. No backing or redemption — the algorithmic mechanism failed in May 2022. The native denom current supply is a verified zero.
Terminal supply state
Terminal state
Verified zero
Verified
2026-07-30
The Terra Classic LCD reports the native denom ueut at current supply 0 — fully burned/redeemed. There is no series to chart. Source ↗
Key facts · EUT
| Issuer | Terraform Labs |
| Legal entity | Terraform Labs |
| Jurisdiction | Terra ecosystem |
| Product type | Algorithmic stablecoin |
| Regulatory status | None (algorithmic stablecoin); not a MiCA EMT |
| Backing model | Algorithmic (seigniorage vs LUNA); no reserve. Collapsed May 2022; verified terminal supply 0. |
| Historical chains | Terra Classic |
| Redemption | May 2022 (collapse) |
| Last verified supply | Verified zero |
| Current status | Failed |
Key timeline
2022-05
The algorithmic peg mechanism failed across the Terra stablecoin family; the chain forked to Terra Classic on 28 May 2022.· Richmond Fed (economic brief)
2026-07-30
The Terra Classic LCD reports the native bank denom ueut with a current supply of 0 — fully burned/redeemed to zero.· Terra Classic LCD
Source register · EUT
Developer API · EUT
EUT 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 EUT are published on this page and on /inactive-euro-stablecoins.