GBPE, issued by Monerium hf., is a fiat-referencing electronic money token that tracks the British Pound (GBP) at par and represents regulated electronic money issued onchain and redeemable at par value [S1][S2].

Holders receive a transferable claim on electronic money denominated in British Pound (GBP), redeemable one-to-one at par value [S1][S2]. The token is price-tracking and not yield-bearing; as an Electronic Money Institution, Monerium is legally prohibited from paying interest, and balances accrue no interest or other benefits [S1][S3]. All services are currently free, including transaction minting and burning fees, with Monerium reserving the right to charge in future on advance notice [S3].

Monerium hf. is an Icelandic limited company, company number 5711100240, incorporated in Iceland [S1][S2]. It is an authorized Electronic Money Institution (EMI) under Iceland's Act No. 17/2013, supervised by the Financial Supervisory Authority of the Central Bank of Iceland [S1][S4]. The holder's claim is legally electronic money; holders own the underlying segregated reserve assets and hold the highest-priority claim in insolvency under the Icelandic Bankruptcy Act No. 21/1991 [S5][S1][S6]. Holders must be natural persons completing KYC due diligence; US residents are excluded for tax reporting purposes [S1]. Monerium redeems the monetary value at any moment at par value [S1].

GBPE uses Ethereum token standards ERC-20, ERC-2612, and ERC-1271 [S7][S5]. A named Web3 IBAN links a bank account to a wallet; incoming payments mint tokens and sending tokens to a bank account burns them and delivers funds [S5][S2]. Instant transfers settle within roughly 5 seconds including the onchain mint and burn step [S5][S2].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://monerium.com/policies/personal-terms-of-service/" },
    { id: "S2", url: "https://monerium.com/whitepapers/eure-whitepaper.xhtml" },
    { id: "S3", url: "https://monerium.com/fee-schedule/" },
    { id: "S4", url: "https://monerium.com/financial-information/" },
    { id: "S5", url: "https://monerium.com/" },
    { id: "S6", url: "https://monerium.com/blog/2023/what-is-emoney/" },
    { id: "S7", url: "https://monerium.com/eure/" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

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

Number of transfer transactions involving the asset.

Asset transfer count

Stablecoins

Users make SEPA payments to Monerium and receive EURe at a 1:1 rate. 

Monerium is a financial technology company that is the principal architect of EURe - an EU regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain.

Monerium is a private company registered in Iceland. Monerium's investors include Algorand, ConsenSys Mesh and The Icelandic Technology Development Fund etc.

github

twitter

website

Stablecoin issuers

Monerium

Monerium GBP emoney (GBPE) is a British Pound stablecoin issued by Monerium through Monerium hf.

Each token is redeemable one-for-one for British Pound and is a direct claim on the issuer.

Reserves are held in accounts segregated from the issuer's own funds.

Retail investors and institutions can mint and redeem directly with Monerium in GBP, and holders have a contractual right to redeem at par.

Monerium hf. is incorporated in Iceland, is authorised under MiCA, and is supervised by the Financial Supervisory Authority of the Central Bank of Iceland.

Holder terms are governed by the law of Iceland.

GBPE has been issued on Gnosis as an ERC-20 token since November 2023.

Monerium GBP emoneyGBPE