Helsinki - 10 January 2023 - Finnish fintech company Membrane Finance has launched its MiCAR-compatible e-money stablecoin EUROe on the Concordium blockchain. EUROe, the first native stablecoin on the green layer one blockchain dedicated to creating a safer digital world, enables the seamless movement of euros between Concordium and the traditional financial system.
EUROe’s expansion to Concordium brings a native stablecoin to the blockchain, enabling Concordium users a better and more stable experience when transacting on Concordium. EUROe enables new use cases such as euro payments, remittances, and decentralised trading.
"I am thrilled about our strategic integration with Concordium. This collaboration is not just a step forward; it's a leap into the future of digital finance. By combining EUROe's role as native money on the blockchain with Concordium's advanced privacy and SSI-based ID layer, we are addressing the core reasons why enterprises and institutions have traditionally leaned towards permissioned blockchains,” commented Juha Viitala, CEO of Membrane Finance. “Our integration makes most of these permissioned systems obsolete. We're offering a solution that provides enhanced privacy, native on-chain money in the form of EUROe, and a robust ID layer, all while maintaining regulatory compliance. This is a game-changer for enterprises seeking to enter the blockchain space without the complexities and limitations of the past. With Concordium, we're enabling a feature where EUROe can be used for gas fees, making blockchain interactions more user-friendly and enterprise-friendly. This is the future of blockchain for business – efficient, compliant, and built for the real world"
EUROe is a MiCAR-compliant euro stablecoin, transforming fiat euros into blockchain-enabled digital money. EUROe can be created and redeemed in a 1:1 ratio, without fees, by anyone with a EUROe Account. EUROe is backed by 100% bankruptcy-protected cash and 2% CET1 equity capital in European financial institutions or banks.
Developers can begin integrating and building with EUROe
Implemented as a CIS2 and CIS3 compatible token, developers can start implementing EUROe to their decentralised applications and platforms today. To enhance the interoperability of Concordium with the traditional financial system, developers can also access the EUROe Account API to programmatically mint and redeem EUROe within their applications. To learn more about integrating the EUROe stablecoin on Concordium or to get started with the EUROe Account APIs, please head to the EUROe Developer Portal at dev.euroe.com
The smart contracts have been published under the permissive MIT open-source licence, allowing other developers to build interoperable tokens on Concordium. The Membrane Finance team expects the smart contract to be used as the basis for new stablecoins and proliferation of tokenised assets.
For more information, please visit Concordium.com or EUROe.com
About Concordium
Concordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction fees, pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world's biggest enterprises. For more information, visit Concordium.com
About Membrane Finance
Founded in 2021 in Finland, Membrane Finance is a financial technology company specialising in the development of financial software and services that seamlessly link traditional financial infrastructure and blockchain-based services. Membrane Finance is the principal architect of EUROe - an EU-regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain. Membrane Finance’s mission is to foster financial innovation and inclusion on the blockchain by developing an ecosystem of secure money infrastructure, user-friendly applications and stablecoin-related services. www.membrane.fi
For more information, please contact: press@euroe.com
About EUROe
EUROe is an EU-based stablecoin and payment network regulated as an electronic money institution in the European Union. Based in Finland, a leading European hub for technology & regulatory stability, EUROe is being built for tomorrow’s businesses today. www.euroe.com
All articles
Membrane Finance Launches EUROe Ramp: Fiat Connectivity for Blockchain Protocols
Introducing Bridged EUROe to Scale Euro Liquidity
EUROe To Integrate Concordium – A Permissionless Blockchain with Built-In IDs
EUROe Helps CASPs & CEXes Stay MiCAR-Compliant
Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing
Membrane Finance Brings the First Euro Stablecoin to Solana – Along With Card Payments
What is MiCA?
Membrane Finance Announces Blockchain Integration Offering
Mt Pelerin partners with EUROe to offer zero-fees on/off-ramp
EUROe Is Now Available through Woorton’s OTC Infrastructure
Lamar Olive Oil's Innovative On-Chain Bond Issuance Using EUROe
deltaDAO Facilitated a Data Market Transaction Using EUROe
Membrane Finance Launches EUROe Account API to Bridge Traditional and Blockchain-Based Economies
Membrane Finance Launches the First MiCA-Compliant Stablecoin, EUROe, on Avalanche
Membrane Finance and Januar team up to pave the way for MiCA compliant financial technology
Membrane Finance Launches EUROe on Arbitrum One
Membrane Finance Launches EUROe on Polygon
deltaDAO, Membrane Finance, and Polygon Labs bring EUROe to the Gaia-X Web3 ecosystem as main settlement token
Unlocking the Potential of Tokenisation and Stablecoins: The Next Big Thing in Asset Management
Stablecoin regulation within the EU remains clear amid uncertainties in the US
Membrane Finance launches EUROe on Ethereum
Membrane Finance Announces Integration with Fireblocks to Enhance Operational Security of the EUROe Stablecoin
Equilibrium backs Membrane Finance in building core EUROe systems
Membrane Finance appoints KPMG as its internal auditor
Runtime Verification completes a smart contract audit for the first EU-based regulated stablecoin EUROe
Nordic Law acts as a legal advisor to Membrane Finance
Membrane Finance Announces the First Regulated Euro Stablecoin EUROe and Raises a Seed Round
What are Stablecoins?
