The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank's bankruptcy in June.

This week, AEUR has been on a rollercoaster price ride on Binance. AEUR was involved in a market controversy a few days ago, and trading on Binance came to a halt.

In a recent turn of events in the cryptocurrency realm, Binance, a leading exchange platform, has taken proactive steps to address a sudden surge in the AEUR stablecoin's value. The unexpected 200% increase in AEUR's price caused a stir among traders, prompting Binance to halt trades on several AEUR pairs due to abnormal market behavior.

In a significant move, Binance, a leading cryptocurrency exchange, has announced a comprehensive compensation plan for users affected by the unexpected price surge of the AEUR stablecoin. This decision comes after the Euro-pegged cryptocurrency experienced an abnormal 200% increase in value, confusing traders and leading to a trading suspension.

Switzerland-based fintech firm Anchored Coins recently issued AEUR. But Binance is taking issue with that fact that “some users did not realize that AEUR was a stable currency when they purchased it.

Cryptocurrency exchange Binance said it would compensate users impacted by a recent deviation in the price of Anchored Coins EUR (AEUR) stablecoin. On Dec. 5, AEUR's value surged nearly 200% to more than $3 after the cryptocurrency platform listed it.

Binance has stepped forward to offer compensation to traders who purchased AEUR, a stablecoin pegged to the Euro, during its unexpected price surge. AEUR, issued by Swiss-based Anchored Coins, experienced a significant increase in value, deviating from its intended stable price.