Elliptic, Monerium Partner to Enhance Compliance for EURe Stablecoin

CN
18 hours ago

According to the announcement shared with Bitcoin.com News, the collaboration aims to automate cross-chain transaction monitoring and reduce manual compliance work by 60% as Monerium scales operations under Europe’s Markets in Crypto-Assets (MiCA) regulations. Monerium, which became the first EMI-licensed blockchain e-money issuer in 2019, will integrate Elliptic’s Lens, Investigator, and Navigator tools.

These platforms provide real-time AML screening, cross-chain analytics spanning 50+ blockchains, and transaction tracking to identify high-risk activities. According to the firm, the tools are critical as Monerium expands services under its newly acquired Virtual Asset Service Provider (VASP) license. The EURe stablecoin, fully compliant with MiCA, has processed over €4 billion since its launch.

The announcement states that Elliptic’s technology will enable Monerium to monitor token flows proactively, mitigate fraud risks, and maintain transparency as it adds blockchain support. Gisli Kristjánsson, Monerium’s CEO, cited “evolving regulations and operational scalability” as key challenges, noting that Elliptic’s tools will “future-proof compliance” across networks.

Jackson Hull, Elliptic’s CTO, emphasized the growing regulatory demands on stablecoin issuers globally, particularly under frameworks like MiCA. “Compliance requirements will only increase,” he said, adding that Elliptic’s analytics help institutions balance growth with risk management. The partnership arrives amid surging demand for euro-pegged stablecoins.

Just recently, rival issuer Circle saw its EURc supply balloon from 12.6 million to 211 million tokens in just 30 days, reflecting heightened institutional and retail interest. Monerium’s EURe, with a current supply of 23.22 million tokens, aims to capture a larger market share as MiCA implementation intensifies scrutiny on transparency and reserve auditing.

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