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.

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Monerium - Financial statement