Great question about how we make money. The main way is from earning interest on the euro reserves. Our custodians, who safely hold the reserves for us, pay us a small fee for storing the money with them. As the reserves continue to grow, that "small" fee will grow as well, since it's a percentage of the total reserve amount. This is the primary source of funds for covering our operating costs. We also make some income through fees associated with creating/redeeming EURS.

This model is fairly standard in the stablecoin space. If you have any more questions, we're happy to answer them as best we can!