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!
This actually makes much sense. With a big amount of "holding capital" you can definitely generate revenue. You can even "lock" up some part of this capital (like 10%) and generate more revenues in relative terms.