Elliptic and Monerium team up for €4B EURe stablecoin compliance

Cryptocurrency analytics firm Elliptic has partnered with Monerium, a Reykjavik-based Electronic Money Institution (EMI), to enhance compliance and anti-money laundering (AML) measures for the EURe stablecoin.

The collaboration aims to streamline cross-chain transaction monitoring and reduce manual compliance work by up to 60%, enabling Monerium to scale 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 suite of tools, including Lens, Investigator, and Navigator.

These platforms provide real-time AML screening, analytics across 50+ blockchains, and transaction tracking to identify high-risk activities.

The EURe stablecoin has processed over €4 billion since its launch and is fully compliant with MiCA standards.

Gísli Kristjánsson, CEO of Monerium, highlighted the challenges posed by evolving regulations and operational scalability.

He stated that Elliptic’s technology would “future-proof compliance” as the company expands blockchain support.

Jackson Hull, CTO of Elliptic, emphasised the increasing regulatory demands on stablecoin issuers globally, noting that “compliance requirements will only increase” as the market grows.

The partnership comes amid rising demand for euro-pegged stablecoins.

Circle’s EURc supply surged from 12.6 million to 211 million tokens within 30 days, reflecting heightened interest from institutional and retail investors.

Monerium’s EURe, with a current supply of 23.22 million tokens, is positioning itself to capture more market share as MiCA regulations intensify scrutiny on transparency and reserve auditing.

Elliptic’s tools will enable Monerium to proactively monitor token flows, mitigate fraud risks, and maintain transparency across multiple blockchain networks.

This collaboration marks a significant step in ensuring compliance while supporting the scalability of euro-backed digital assets in Europe’s regulated crypto landscape.