EURL icon ZAR icon

EURL-ZAR price

R

Price updated every 2 minutes.

EURL icon

About EURL

Name

Ticker

Maximum supplyQuestion mark circle icon

Launch date

Website

Lugh

EURL

No limit

29 Nov 2021

lugh.io

White paperQuestion mark circle icon

GithubQuestion mark circle icon

PegQuestion mark circle icon

CollateralQuestion mark circle icon

Available on

PDF (19 pages)

-

Euro

Fiat reserve

Tezos

EURL FAQ

Find below the answers to the most common questions about the EURL stablecoin. When available, we give you links to in-depth articles for further reading.

The EURL is the first euro stablecoin created on the Tezos blockchain. It is issued and managed by Lugh, a company supported by French giants Casino and Société Générale, and fully backed by a euro reserve held at Société Générale.


Right now, 1 EURL is worth R .


Right now, 1 South African rand is equal to EURL.


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. To learn more, read our introduction to stablecoins.


The EURL is fully backed by a reserve of euros and is always redeemable 1-for-1 with euros. Moreover, it is regulated in France, backed by one of the largest banks in the world (Société Générale), and publishes transparent reserve reports, so it's reasonable to say that the EURL is safe.


The EURL 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 EURL to deviate from the euro price for various technical or market reasons.

You never store EURL in itself. Instead, you store the private key giving you access and control over a wallet address that contains EURL. 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 EURL, 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 EURL with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy EURL.


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


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


EURL price in other currencies

Check the price of EURL in all the different fiat currencies that we support.


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