Monerium is the first company authorized to issue e-money tokens under Directive 2009/110/EC, the existing European e-money regulations. Instead of listing Monerium tokens on exchanges, the company operates a gateway that allows direct transfers of funds between bank accounts and blockchain wallets. The Monerium euro token, EURe, is available on the Ethereum and Polygon mainnets and is being tested on Algorand. Additionally, Monerium has issued small amounts of USDe, GBPe, and ISKe. E-money, a digital alternative to cash, has been used in Europe since 2000 and will be required for fiat-linked "stablecoins" under MiCA and proposed UK crypto-asset rules. E-money is backed by over-collateralization with user funds and safeguarded by issuer reserve capital held in segregated assets, such as high-quality and liquid securities, bank deposits, or a combination of both.