According to The Defiant, both the EURC and EURR tokens permit holders to redeem their units for €1. However, the conditions under which issuer accounts can access redemption differ from those governing exchange sales.
The article explains that while redemption at €1 is disclosed by both tokens, the access rules are not identical for issuers and exchanges. Issuer accounts have one set of conditions for redeeming tokens, and exchange sales operate under separate conditions for accessing redemption.
