EUROe-JPY price

Launched in 2023, the EUROe is a stablecoin backed by euros held in European banks. It is managed by Membrane Finance, a Finnish company regulated as an electronic money institution in the European Union.

Right now, 1 EUROe is worth ¥.

Right now, 1 Japanese yen is equal to EUROe.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

The EUROe is fully backed by a reserve of euros and is always redeemable 1-for-1 with euros. Moreover, it is regulated in the European Union with an Electronic Money Institution Licence (EMI) and publishes transparent monthly reserve reports, so it's reasonable to say that the EUROe is safe.

The EUROe is designed to follow the price of the euro, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the EUROe to deviate from the euro price for various technical or market reasons.

You never store EUROe in itself. Instead, you store the private key giving you access and control over a wallet address that contains EUROe. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send EUROe, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy EUROe with us here from Japan by sending us bank transfers in JPY, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy EUROe.

You can swap EUROe here against one of the cryptocurrencies that we support, using any self-custodial EUROe wallet. For more information, have a look at our step-by-step tutorial on how to swap EUROe.

To cash out EUROe with us, you simply need to transfer your crypto to our address. We'll convert your EUROe in JPY, then transfer the funds to your bank account in Japan. For more information, have a look at our step-by-step tutorial on how to sell EUROe.