Charting a new course - Membrane Finance joins Paxos, focus shifts to USDG in Europe, EUROe operations to wind down

The world of stablecoins and digital finance is constantly evolving, and here at Membrane Finance, we've always aimed to be at the forefront, building reliable, regulated solutions. We're sharing an update on a significant milestone in our journey and what it means for the future, including our EUROe stablecoin.

We are excited to reflect on a major development from earlier this year. In January, Membrane Finance was officially acquired by Paxos, a leading regulated blockchain infrastructure platform. This marked the beginning of an exciting new chapter.

Both Membrane Finance and Paxos have long shared a deep commitment to fostering trust and reliability in the digital asset space, focusing on tokenized money solutions designed for enterprise and institutional use. This acquisition represents a powerful strategic alignment, bringing together our expertise and accelerating our shared vision for advancing regulated digital assets in Europe.

Strategic Focus on USDG and the Future of EUROe

Since the acquisition was finalized, our teams have been working on integration and defining our path forward. Our collective strategic focus is now centered on leveraging Paxos established strengths and introducing its proven assets to the European market, starting with the Paxos-issued US dollar-backed stablecoin, Global Dollar (USDG).

We believe concentrating our efforts on bringing USDG to Europe will allow us to make a greater impact and better serve the evolving needs of the region's digital finance landscape.

Consequently, and in line with this strategic direction, we will begin the process of winding down the EUROe stablecoin operations over the coming weeks. This decision allows us to fully dedicate our resources to expanding Paxos offerings in Europe.

How to redeem your EUROe

We strongly encourage all EUROe holders to begin the redemption process.

• We are committed to supporting EUROe redemptions and providing customer assistance for the next few weeks to facilitate an orderly wind-down. Our customer are able to commit the redemptions via: account.membrane.fi

• For those holding EUROe on decentralized exchanges (DEXs), we recommend swapping EUROe for other assets on those platforms. Please remember that using third-party DEXs carries its own risks and potential fees.

• Following DEX's are currently holdin EUROe liquidity (subject to change)

  • Polygon - Uniswap

  • Ethereum - Uniswap

  • Arbitrum - Uniswap

  • Solana - Orca

• An EUROe redemption option is also available through the portal for any EUROe holders.

We understand that transitions require adjustments, and we deeply appreciate your understanding and cooperation as we navigate this process. Our primary goal remains ensuring a secure and clear path forward for all EUROe holders.

We are immensely grateful for the trust you placed in Membrane Finance and the EUROe project. It has been a privilege to serve the community.

If you have questions, please reach out to our support team at backoffice@euroe.com.