Anchored Coins AEURPrice(AEUR)
Details Anchored Coins AEUR (AEUR) Price information (USD)
The current real-time price of AEUR is $1.14. In the past 24 hours, AEUR has traded between $1.14 and $1.15, showing strong market activity. The all-time high of AEUR is $2, and the all-time low is $0.7656.
From a short-term perspective, the price change of AEUR over the past 1 hour is
Anchored Coins AEUR (AEUR) Market Information
Anchored Coins AEUR (AEUR) Today's Price
The live price of AEUR today is $1.14, with a current market cap of $45.405M. The 24-hour trading volume is 73K. The price of AEUR to USD is updated in real time.
Anchored Coins AEUR (AEUR) Price History (USD)
What is ANCHORED COINS AEUR (AEUR)?
When is the right time to buy AEUR? Should I buy or sell AEUR now?
Before deciding whether to buy or sell AEUR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s AEUR technical analysis can provide you with trading references.
Future price trend of AEUR
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for AEUR.
How much will AEUR be worth tomorrow, next week, or next month in ? What about your AEUR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! AEUR Price Prediction
How to buy ANCHORED COINS AEUR (AEUR)
Convert AEUR to local currency
AEUR Resources
To learn more about AEUR, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xf977...41acec  | 47.384M | 118.97% |
binance-smart-chain | 0x8894...e2d4e3 | 464.013K | 1.16% |
ethereum | 0x28c6...f21d60 | 10,172.00 | 0.03% |
binance-smart-chain | 0x7a36...7a5d6e | 4,980 | 0.01% |
binance-smart-chain | 0x98ad...8bba9d | 4,365 | 0.01% |
Other | -8,038,810 | -20.18% |
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ANCHORED COINS AEUR (AEUR) FAQ
What is Anchored Coins AEUR (AEUR) and what problem does it aim to solve?
Anchored Coins AEUR (AEUR) is a Euro-backed stablecoin issued by Anchored Coins AG. Its primary purpose is to maintain a 1:1 peg with the Euro (€), offering users a digital asset that aims to combine the stability of a fiat currency with the benefits of blockchain technology. This allows for stable value transfers and storage within the crypto ecosystem, reducing volatility risks commonly associated with other cryptocurrencies.
How is AEUR designed to maintain its 1:1 peg to the Euro, ensuring its stability as a stablecoin?
The stability of AEUR is designed through a full 1:1 backing mechanism, where each AEUR token is intended to be collateralized by one Euro held in designated reserve accounts. This direct backing, combined with transparent reserve management and market-based arbitrage mechanisms, helps to stabilize its value relative to the Euro, ensuring its function as a reliable stablecoin.
What is the status of AEUR's Euro reserves, and what are the implications of recent developments regarding their custody?
Euro reserves were previously held at Flow Bank SA, a Swiss-licensed online bank. However, Flow Bank SA entered bankruptcy proceedings in June 2024. Consequently, Anchored Coins AG has been temporarily restricted from processing redemptions and issuing new AEUR. While Anchored Coins claims independent audits by Prescient Assurance LLC, the bankruptcy significantly impacts the direct custodial arrangement and redemption process for AEUR holders.
What are the regulatory implications for AEUR, particularly concerning MiCA, and what are the project's future plans?
Anchored Coins AG gained membership in Switzerland's VQF in early 2023, overseen by FINMA, and aimed for MiCA compliance. However, due to MiCAR requirements for EU-licensed issuers of EUR-denominated stablecoins, Anchored Coins AG (a Swiss company) has announced it will cease issuing new AEUR tokens and withdraw from the stablecoin business. A compliant solution for existing token holders is currently being finalized.
What are the main risks associated with holding or using Anchored Coins AEUR?
Key risks for AEUR users include reliance on central entities for reserve management, potential for peg instability, and liquidity risk, especially during market stress or significant regulatory changes. The recent FlowBank bankruptcy and the project's decision to cease operations due to MiCAR highlight these vulnerabilities. Past incidents on various trading platforms have also underscored the importance of robust backing and transparency.
How can users acquire AEUR, and what is the current situation for redeeming tokens directly into Euro?
Users can acquire AEUR by purchasing or trading it on supported cryptocurrency exchanges. Direct acquisition from Anchored Coins previously involved KYC/AML checks. However, due to the FlowBank situation and the project's announced withdrawal, direct redemptions for EUR through Anchored Coins AG are currently restricted. Existing token holders are advised to monitor official announcements for the final compliant solution for their holdings.
