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agEUR

agEUR (AGEUR)

$ 1.13
0.33 %
Main info
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Comments
Markets
Analytics
Market cap
$24.15M
0.33 %
Volume (24h)
$293.78
0.33 %
Circulating supply
21,419,460 AGEUR
Total supply
21,419,460 AGEUR
Max. supply
158,348,656 AGEUR

Key data

updated $0
Market cap$24.15M
Volume 24h$293.78
Circulating supply21.42M14% of max 158.35M

agEUR (ticker AGEUR) is a euro-pegged stablecoin issued by the Angle Protocol. In simple terms, it's a crypto token designed to always be worth one euro, letting you hold and move European currency on the blockchain. It's built for people who want exposure to euros in DeFi without relying on a bank.

Frequently asked questions

What is agEUR and how is it different from other stablecoins?

agEUR is a decentralized euro stablecoin, whereas most popular stablecoins like USDC or USDT are pegged to the US dollar. It's issued by Angle Protocol, a decentralized system rather than a single company. That makes it useful for anyone who wants euro-denominated value in crypto, such as Europeans avoiding currency conversion or traders hedging against the dollar.

How does agEUR maintain its euro peg?

The Angle Protocol uses a system of collateral and specialized actors called hedging agents and standard liquidity providers to keep the peg stable. Users can mint agEUR by depositing collateral and redeem it back for underlying assets. Arbitrage mechanisms kick in whenever the price drifts from one euro, pulling it back in line.

How is agEUR issued and what backs it?

New agEUR is minted when users deposit accepted collateral into the Angle Protocol, and it's burned when redeemed. The system holds a diversified reserve of collateral backing the circulating supply. This over-collateralized reserve model is designed to keep every agEUR redeemable for its euro value.

How can I store and use agEUR?

Since agEUR is an ERC-20 token, you can store it in any Ethereum-compatible wallet like MetaMask, Ledger, or Rabby. It's commonly used in DeFi for lending, providing liquidity, and as a payment or settlement asset across multiple blockchains where it's been deployed. Always make sure you're using the official contract address when adding it to your wallet.