This is a stablecoin backed by the Euro, in this sense it is defined as the digital euro, it is really easy to create an account in this service although direct purchase in fiat currency is only available to users within SEPA and countries within the list will exchange .
In general, this is a custody project tokenization of a fiat currency such as the Euro, it has audits every three months. It seeks to make hundreds of users safeguard their funds in a stable currency.