Fintech company Monerium launches euro-backed stablecoin EURe on Cosmos via Noble
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September 18, 2024
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PANews: Monerium Launches Euro-backed Stablecoin EURe on Noble Blockchain
On September 18th, PANews reported that fintech company Monerium launched EURe on the Noble blockchain, marking it as the first natively launched Euro-backed stablecoin within the Cosmos ecosystem. EURe is backed by Euro-denominated deposits and integrates with the SEPA framework, enabling instant Euro transfers between on-chain and custodial bank accounts.
Issuer Monerium complies with the EU's MiCA regulation, being the first electronic money institution granted a license to issue e-money on a blockchain since 2019. It is authorized under MiCA to issue regulated on-chain fiat currency.
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