MEXC Launches EURR Staking Event with 85,000 USDT Rewards for Euro-Pegged Stablecoin

MEXC has launched a Launchpool event to commemorate the addition of StablR Euro (EURR), a stablecoin pegged to the euro, to its platform. The event, running from July 24 at 11:00 UTC to July 28 at 11:00 UTC, offers participants the chance to share an 85,000 USDT prize pool by staking USDT, MX, or EURR tokens [1]. A significant portion of the reward—50,000 USDT—is reserved for new users staking USDT, while MX stakers can access bonus airdrops through MEXC’s Kickstarter program. Additionally, users who invite friends to join the platform may earn up to 400 USDT in referral rewards, with incentives capped at 20 invitations per participant [1].

StablR Euro (EURR) is described as a fully redeemable stablecoin backed by fiat currency and short-term government bonds, maintaining a 1:1 peg to the euro. The asset aims to facilitate cross-border transactions, international trade, and provide a stable store of value for global traders. With a total supply of 6,325,0584 EURR, it targets users seeking alternatives to volatile cryptocurrencies while leveraging the efficiency of blockchain technology [1].

MEXC’s initiative reflects its strategy to incentivize engagement with emerging stablecoins and expand its user base. The exchange, which serves over 40 million users across 170+ countries, emphasizes low trading fees, daily airdrops, and a diverse selection of digital assets. By offering exclusive rewards for EURR stakers, MEXC seeks to enhance liquidity and visibility for the stablecoin while rewarding early adopters [1].

The EURR listing aligns with broader market trends of increased stablecoin adoption, particularly for euro-pegged assets, following regulatory scrutiny on other crypto categories. MEXC’s role in facilitating such listings positions it as a bridge between traditional finance and decentralized ecosystems. However, the absence of detailed governance or technical specifics for EURR in the announcement leaves room for further transparency from the issuer [1].

Sources:

[1] [MEXC Celebrates StablR Euro (EURR) Listing with Exclusive Launchpool Event Featuring 85,000 USDT] [https://coinmarketcap.com/community/articles/68821355cb8127406692d585/]

[2] [MEXC Celebrates StablR Euro (EURR) Listing with Exclusive Launchpool Event Featuring 85,000 USDT] [https://www.globenewswire.com/news-release/2025/07/24/3120904/0/en/MEXC-Celebrates-StablR-Euro-EURR-Listing-with-Exclusive-Launchpool-Event-Featuring-85-000-USDT.html]