This article explains what stablecoins are and introduces the three regulated stablecoins supported by Gnosis Pay: EURe, GBPe, and USDCe. It highlights how each is pegged 1:1 to fiat currency, backed by real reserves, and issued by licensed institutions like Monerium and Circle.
The funds in your Gnosis Pay Safe are digital but just as dependable as fiat currency. That’s because your account uses stablecoins — special cryptocurrencies designed to maintain a fixed value for everyday spending.
This guide introduces the stablecoins supported by Gnosis Pay and how they ensure your funds remain stable and secure.
What Is a Stablecoin?
A stablecoin is a cryptocurrency tied (“pegged”) 1:1 to a real-world asset — typically a major fiat currency like the euro, pound, or dollar.
Stable value: Unlike other cryptocurrencies, stablecoins don’t fluctuate wildly in price.
Regulated backing: For every stablecoin, there’s an equal amount of fiat currency held in reserve by a licensed financial institution.
Perfect for payments: Their predictability makes stablecoins ideal for everyday spending and merchant acceptance.
Stablecoins Supported by Gnosis Pay
Depending on your region, your Gnosis Pay Safe will use one of the following tokens:
🇪🇺 EURe – The Digital Euro
What it is: A stablecoin pegged 1:1 to the euro (€).
Used by: Cardholders in the EU/EEA and Switzerland.
Issuer: Monerium, a licensed Electronic Money Institution in Europe.
Backing: Fully backed by safeguarded euro-denominated assets.
🇬🇧 GBPe – The Digital Pound
What it is: A stablecoin pegged 1:1 to the British pound sterling (£).
Used by: Cardholders in the UK and Gibraltar.
Issuer: Monerium (same as EURe).
Backing: Supported by GBP deposits and high-quality liquid assets.
🇺🇸 USDCe – The Digital Dollar (on Gnosis Chain)
What it is: A bridged version of USDC, pegged 1:1 to the US dollar ($).
Used by: Cardholders in select regions like Brazil.
Issuer: Circle, a regulated financial technology company.
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What ".e" means: The token has been securely moved from Ethereum to Gnosis Chain. It remains fully backed by real USD reserves.
Why Gnosis Pay Uses Regulated Stablecoins
Using stablecoins like EURe, GBPe, and USDCe ensures:
Stable value for every transaction
No exposure to crypto market volatility
Confidence for both users and merchants
Learn More: Supported Tokens for Your Gnosis Card Safe
Need Help?
If you have questions about stablecoins or token support, contact our support team via the in-app chat widget or email help@gnosispay.com.