Due to the upcoming entry into force of MiCA and in accordance with its commitment to compliance, LUGH announces the cessation of the issuance of its stablecoin EURL and guarantees the redemption of existing EURLs until August 30, 2024.
All EURLs have been and will continue to be guaranteed 1:1 by our reserve account opened at Société Générale and audited monthly by Deloitte.
LUGH will continue to monitor parity and redemptions throughout the transition period.
LUGH has given and will continue to give priority to the compliance of its activities and the security of its customers' assets.
Please visit the "get a refund" page of our website.
EURL allows your customers to easily trade crypto-currencies. Our stablecoin allows to hedge against volatile assets without having to use a fiat currency.
Start listing EURLEURL is the perfect way to purchase NFTs. Choose EURL to simplify the buying experience. Buying NFTs with EURL on-ramp solution is the best way to onboard millions of customers.
Start listing EURLUsing EURL will allow you to perform transactions at any time in a snap. Thanks to the blockchain, transactions are secured without any intermediaries.
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Lugh is positioned as the first player in the world to issue stable digital assets pegged to the euro in a trustworthy environment. These digital assets are available to corporate players in the financial and commercial sectors to enable them to create new and innovative use cases for their customers. They are also used by individuals to easily trade crypto-currencies and hedge against volatility.
A fully pegged digital asset is a new category of digital assets whose main characteristic is to offer stability. It is backed by a reserve asset, such as the euro, and is designed to mirror the price of this asset on a 1:1 basis. It is therefore volatility-free and combines benefits of both digital assets and FIAT currencies.
In order for our digital asset to be secured and for your transactions to be performed efficiently and sustainably, we decided to have EURL issued on the Tezos blockchain. It is known for its reliability, power and flexibility. More recently, the news of Ethereum switching to a more sustainable POS system accelerated our decision to launch the EURL on this blockchain, one of the largest and most reliable. EURL is also available on Polygon, one of the best performing Layers 2.
EURL offers all the usual benefits of digital assets: they are accessible to anyone, they enable quick and secured transactions with limited fees and can be easily traded online. However, most digital assets are often considered extremely volatile, making transactions riskier. As a euro-pegged asset, the value of EURL is pegged to the euro, thus allowing this volatility to be significantly reduced.
As any other digital asset, EURL has many use cases. You might want to use them for instant day-to-day transactions. You might also want to take advantage of our asset's stability to hedge against the volatility of the other assets you own. But, once more, EURL can be used in an infinite number of ways, depending on your personal needs.
There are three main ways to use EURL : on Exchanges, with On-ramp modules and to purchase NFTs.
You can find all the exchanges and on-ramps where you can trade EURL here. When you're not trading them, EURL are kept securely in our partners' digital safe, but you can access or remove them whenever you want!
Depending on our partners' platforms and their wallet systems, you will be able to buy EURL using your credit card, bank transfers or other digital assets you own. Some plateforms, such as Coinhouse, allow all means of payment!
EURL can be sold or exchanged on our partners' exchange platforms using usual digital assets' transactions processes. You can exchange your EURL for other digital assets and cryptocurrencies or sell them for FIAT currencies such as euros.
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