EURA, issued by the Angle Protocol smart contracts under the governance of ANGLE tokenholders, is a Euro-pegged stablecoin that maintains parity with the euro through diversified, over-collateralized onchain reserves [S1][S2].

Each EURA tracks the value of one euro (EUR) and is backed by secured debt and Euro stable assets, with Transmuter collateral including tokenized real-world asset securities such as bC3M and bIB01, a Backed tokenized representation of a BlackRock U.S. Treasury bill ETF [S2][S3]. EURA does not accrue yield unless staked into the stEUR savings vault [S4]. Transmuter minting can occur 1:1 with no fees against EURC; other mint and burn fees are dynamic and queryable onchain, while redemption carries a collateral-ratio penalty fee [S3].

EURA is not issued by a single corporate entity; issuance occurs via smart contracts under the Angle DAO of ANGLE tokenholders, with Angle Labs, Inc. contributing as a software developer that disclaims possession, custody, or control over user funds [S1][S5]. The Terms and Conditions specify the courts of the British Virgin Islands as having exclusive jurisdiction [S5]. Each EURA is an ERC-20 token redeemable for a pro-rata proportion of reserve assets via the Transmuter; as of generation date the protocol is winding down with 1:1 redemption guaranteed until March 1, 2027 [S1][S6][S3]. General use relies on self-attestation that users are legally permitted and not sanctioned [S5].

EURA is an ERC-20 token whose reserves are held onchain in the protocol's smart contracts, enabling real-time verification [S1][S3]. The Transmuter price-stability module, deployed on Ethereum, mints and burns EURA at onchain oracle value with dynamic fees and internal circuit breakers [S1][S3]. Settlement is onchain and effectively immediate [S3].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://www.angle.money/usda" },
    { id: "S2", url: "https://www.angle.money/eura" },
    { id: "S3", url: "https://docs.angle.money/transmuter/transmuter" },
    { id: "S4", url: "https://www.angle.money/steur" },
    { id: "S5", url: "https://www.angle.money/terms" },
    { id: "S6", url: "https://angle.money/" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

Stablecoins

Overcollateralized borrowers deposit funds into Angle and receive agEUR stablecoin.

Angle is a non-custodial stablecoin protocol built on Ethereum. Angle was co-founded by Pablo Veyrat and launched in 2021. The dashboard does not track the deprecated Core module.

ANGLE tokenholders own and govern the protocol. They currently take a cut of the transaction fees paid by the users and the interest earned on collateral assets (revenue). Angle’s investors include a16z, Fabric Ventures, Wintermute, etc.

governance

github

twitter

discord

etherscan

website

Stablecoin issuers

Angle

Angle EURA (EURA) is a euro stablecoin issued by Angle.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Angle in EURC and EURCV, and holders have a contractual right to redeem at par.

EURA has been issued on public blockchains since November 2021 and is native to Ethereum and Arbitrum One, with bridged versions on eight more.

Angle EURAEURA