Newrails launches MiCA-compliant euro stablecoin EURW based on the Monad platform

Newrails, an electronic money institution that has received banking supervision in Lithuania, announced the launch of the euro stablecoin EURW, which meets MiCA standards, on Monad. Newrails has dual licenses of the Lithuania Electronic Money Institution (EMI) and the Czech Virtual Asset Service Provider (VASP). Each EURW token is backed by a 1:1 euro reserve. Token holders can convert it into legal euros at any time with zero handling fees. It aims to provide production-grade stablecoin infrastructure for Web3 builders, payment developers and RWA teams.