# EURC

{% hint style="info" %}
The company issues and redeems EURC. EURC may be used, kept, or exchanged online wherever parties are willing to accept EURC.
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EURC is 100% backed by reserves of the Company. 
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EURC is denominated in a range of the Euro fiat currency.
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When you purchase 100 EURC, your EURC is 1-to-1 pegged to the Euro fiat currency. The company holds reserves valued at €100.00 to back your EURC, although EURC is not fiat itself.
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In order to cause EURC to be issued or redeemed directly by the Company, you must be a verified customer of the Company. There are no exceptions to this provision.
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The right to have EURC redeemed or issued is a contractual right personal to you.
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 More information on EURC maybe found by following the link below:

{% embed url="<https://eurc.mykobo.co>" %}