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Iron Bank EURO Overview
24h High
$0.01
24h Low
$0.01
24h Change
-2.99%
7d Change
-3.67%
30d Change
+14.42%
Volume 24h
$5.51
Circulating Supply
3.00M IBEUR
Iron Bank EURO News
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About Iron Bank EURO
IBEUR is a euro-pegged stablecoin created through the Iron Bank protocol by Fixed Forex and Andre Cronje. It is minted via crypto collateral and intended for DeFi liquidity. However, the token suffered a serious depeg in 2023 when a large liquidity withdrawal destabilized its peg, and there was no immediate treasury-driven recovery mechanism in place.
- Euro-denominated liquidity within DeFi environments that accept it, such as the Iron Bank ecosystem - Collateral-backed issuance enabling users to access euro value without selling their crypto holdings - Cross-pool arbitrage as part of liquidity management, primarily via Curve pools.
A major depeg event occurred when a single trader withdrew roughly $900,000 in USDC from the IBEUR/USDC Curve liquidity pool. This triggered a steep drop in IBEUR’s value from near its peg to as low as $0.39, before partially rebounding to around $0.70. The network lacked treasury funds to actively stabilize the peg and no formal peg restoration mechanism was engaged at the time.
IBEUR is issued via the Fixed Forex framework built on the Iron Bank protocol pioneered by Andre Cronje. The issuance operates through community-controlled vaults, and there is no single centralized issuer entity or formal project team; governance is generally informal and spread across contributors to the protocol.
Iron Bank EURO Markets
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Iron Bank EURO Platforms
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Iron Bank EURO Market Data
The live Iron Bank EURO price today is $0.01 USD with a 24-hour trading volume of $5.51 USD. We update our IBEUR to USD price in real-time. Iron Bank EURO is down 2.99% in the last 24 hours.
The current market cap is $36,390.86 USD. The circulating supply is 3,000,000 IBEUR.