Newrails Euro is a MiCA-compliant Euro stablecoin issued by EU-licensed EMI Newrails UAB, backed 1:1 by Euro reserves held at regulated banks. It functions as an Electronic Money Token (EMT) built on Hedera and Monad blockchains, providing direct fiat-stablecoin minting and redemption with integrated IBAN and SEPA rails for borderless European payments.