Tezos-based stablecoin - Over 100 Million Euros Of EURL Trading Volume Has Taken Place Through Coinhouse

The EURL is a French stablecoin backed by the Euro and is built on the Tezos blockchain.

It was launched by Lugh, a Groupe Casino company in partnership with SCEME, Société Générale, PwC and Coinhouse. It has so far only been marketed to Coinhouse in Europe. According to a message on LinkedIn from Lugh, over 100 million in transaction volume for the EURL stablecoin has taken place on Coinhouse. Translated: “A few month after our launch, more than 100 M€ of EURL has already been traded on Coinhouse !“

The news was also confirmed by Coinhouse. According to the contract found here on Better Call Dev.pdf) which is listed in PWC’s June report for the EURL stablecoin , it looks as though 7,520,000.00 EURL have been minted and are presently in circulation. In the June report, 8,020,000.00 were in circulation, representing € 8,020,000.00, domiciled at Société Générale (https://uploads-ssl.webflow.com/60be56fda399c6414b6f1191/60e45d6e5d0c83de7adb58c8_SE%20-%20Lugh%20-%20Attestation%20PwC%20-%206%20juillet%202021%20(1).pdf).