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The Stablr Euro is a Euro stablecoin which can be defined as a cryptocurrency that maintains a stable value relative to the Euro.
The Stablr Euro is an asset that mimics a real-world EUR currency, but is represented by a digital token on the Ethereum blockchain. The EURR is regulated by its ERC-20 compatible StablR Fiat Token smart contract. As a standard ERC20 token it can also be sent to any Ethereum address.
The Stablr Euro is not money per definition. It is a digital coin which can be redeemed for Euros.