Monerium

Monerium is a regulated Icelandic EMI issuing EURe and GBPe as onchain e-money redeemable at par via banking rails and Web3 IBAN.

EURe is issued by a licensed EMI and redeemable at par via banking rails. It behaves like bank-issued e-money onchain, not an overcollateralized crypto stablecoin.

- EURe: Regulated euro e-money on Ethereum, Polygon, Gnosis, and Arbitrum. EUR to Web3 IBAN to EURe, redeemable at par. - GBPe: Pound e-money token issued under the same EMI framework.

- EURe (EURe): Stablecoin, Regulated euro e-money (not yield/governance) - GBPe (GBPe): Stablecoin, Regulated pound e-money - Monerium USD (USDe) (USDe): Stablecoin, Regulated USD e-money (distinct from Ethena USDe) - ISKe (ISKe): Stablecoin, Regulated Icelandic króna e-money - TRUE (TRUE): Token, Crypto-asset identifier (utility, not yield)

- Regulatory: EMI regulatory regime changes or license constraints. - Counterparty: Banking partner (LHV) and custody counterparty risk. - Reserve / Depeg: Par/depeg risk under rail or redemption constraints during stress. - Smart Contract: Smart-contract risk on token and payment flow contracts. - Governance: Centralized issuer governance; no onchain DAO for monetary policy. - Network: Operational risk from chain congestion affecting redemptions.

- Electronic money / stored-value account: similar in that EURe maps to regulated e-money redeemable at par, similar to stored-value electronic money accounts.; differs in that Onchain ERC-20 with Web3 IBAN rails; not a money-market fund and not deposit-insured.