The EURL is a French stablecoin backed by the Euro and is built on the Tezos blockchain.
It was launched by Lugh, a Groupe Casino company in partnership with SCEME, Société Générale, PwC and Coinhouse. It has so far only been marketed to Coinhouse in Europe.
According to a message on [LinkedIn](https://www.linkedin.com/feed/update/urn:li:activity:6836600759749013505/) from Lugh, over 100 million in transaction volume for the EURL stablecoin has taken place on Coinhouse. Translated:
“A few month after our launch, more than 100 M€ of EURL has already been traded on [Coinhouse](https://www.linkedin.com/company/coinhouse/) !“
The news was also confirmed by [Coinhouse.](https://www.linkedin.com/posts/nicolas-louvet-25537_eur-l-premier-stablecoin-euro-coinhouse-activity-6836698450248163328-UZ44)
According to the contract found [here](https://better-call.dev/mainnet/KT1GbWiFga8U9ikdxNMeXWoTrx65sCg9MNaU/storage) on [Better Call Dev](https://uploads-ssl.webflow.com/60be56fda399c6414b6f1191/60e45d6e5d0c83de7adb58c8_SE%20-%20Lugh%20-%20Attestation%20PwC%20-%206%20juillet%202021%20(1).pdf) which is listed in PWC’s June report for the EURL stablecoin , it looks as though 7,520,000.00 EURL have been minted and are presently in circulation.
In the June report, 8,020,000.00 were in circulation, representing € 8,020,000.00, domiciled at Société Générale (https://uploads-ssl.webflow.com/60be56fda399c6414b6f1191/60e45d6e5d0c83de7adb58c8_SE%20-%20Lugh%20-%20Attestation%20PwC%20-%206%20juillet%202021%20(1).pdf).
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