EUR stablecoin goes global: Finery Markets powers Monerium's cross-rates creation

• Licensed EURe issuer unlocks global liquidity beyond EUR/EURe corridors 
• Single bankless layer powers IBAN-to-any-stablecoin rails
• Institutional stablecoin volume has skyrocketed 138% YoY, now representing 74.9% of all OTC flow (9M'25).

Finery Markets, a leading provider of non-custodial ECN and SaaS trading solutions, has integrated with Monerium, a euro stablecoin issuer licensed to operate across the EEA, Switzerland, and the UK.

Monerium pioneered a fully authorized onchain euro, enabling seamless 1:1 EUR/EURe conversions between IBAN accounts and crypto wallets. This setup establishes crucial on/off ramps for digital asset purchases, decentralized protocols, and fund transfers.

By integrating with the Finery Markets infrastructure, Monerium taps deep institutional liquidity beyond EUR/EURe corridors. This acts as a switch-on for the instant creation of cross-rates to other assets like USDC or USDT. In turn, Finery Markets’ stablecoin-first infrastructure, with its network of global liquidity providers, allows EURe to be turned into a global settlement asset.

Crucially, this partnership allows Monerium to avoid capital lock-ups and reliance on centralized exchange listing requirements for the distribution and scaling of EURe.

The partnership comes as institutional stablecoin trading surges, underscoring their critical role in settlement, liquidity management, and venue bridging. In the first nine months of 2025, according to the Crypto OTC Review, fiat-pegged coins gained 138% year-over-year (YoY) in volumes and accounted for a 74.9% share of institutional trading flow in 9M 2025, up from 50.9% in the same period of 2024.

Konstantin Shulga, CEO and co-founder of Finery Markets, comments: “Healthy secondary liquidity for stablecoins is just as important as the primary issuance setup. This liquidity—across both on- and off-exchange venues—acts as a vital shock absorber, protecting issuers from 'bank runs' during market turbulence, while simultaneously driving true stablecoin adoption. Primary market functions like minting and burning are crucial, but they are limited without a reliable gateway to institutional liquidity. That missing link is precisely what we deliver, helping issuers scale globally, drive TVL growth, and unlock cross-market utility.”

Gísli Kristjánsson, CEO and co-founder at Monerium, said, “The first step for us was creating authorized on-chain euro rails. The next is making that euro globally useful. Finery Markets provides the strategic connectivity we need: direct access to institutional liquidity and instant cross-rates with leading stablecoins. This is the integration that turns EURe into a global settlement asset."

Earlier in 2025, Finery Markets launched its stablecoin-first infrastructure to support stablecoin trading and distribution via ‘private rooms’, connecting stablecoin issuers to a liquidity network across 150+ clients and institutional liquidity providers. Issuers can onboard new asset-stablecoin pairs via API within 24 hours, avoiding listing and collateral hurdles. This setup is fully operational across all blockchains.

About Monerium

Monerium was founded with the goal of enabling businesses and individuals to send and receive money online peer-to-peer without intermediaries. Monerium enables individuals, companies, and platforms to securely manage and automate the flow of money on and off blockchains.

Monerium is a regulated Electronic Money Issuer licensed to operate across the EEA, Switzerland, and the UK. Monerium is the first and only electronic money issuer to offer e-money on blockchains and to offer seamless transfer between blockchains and bank accounts.

About Finery Markets

Finery Markets is a leading ICT solutions provider for institutional digital asset trading, offering a non-custodial crypto ECN and robust trading SaaS. 

Specifically designed for institutional clients across more than 41 countries, our infrastructure plays a critical role in their operational resilience, enabling secure and transparent digital asset operations. The company offers the first hybrid, crypto-native ECN technology, enabling trading via an order book, RFQ, or quote streams.

Since its launch in 2019, Finery Markets has expanded its ecosystem, now serving over 150 digital asset clients—including payment providers, brokers, OTC desks, hedge funds, and custodians. By providing resilient trading infrastructure, Finery Markets enhances capital efficiency, ensures optimal execution, assists in risk management, and simplifies settlement processes, all while supporting clients in meeting regulatory requirements.

In 2024, Finery Markets was recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition. The company was named among the Top 300 Fintech Companies by CNBC and Statista.

Finery Markets is the first crypto ECN to receive the SOC 2 Typе 1 & Typе 2 certification. 

Finery Markets hosts “The Flow” a C-level institutional crypto podcast that explores the development of the digital assets market structure.