Membrane Finance Launches EUROe on Polygon

by
Membrane Finance
EUROe x Polygon

HELSINKI, Finland – 22 March 2023 – Finnish fintech company Membrane Finance has today launched EUROe on Polygon, allowing users within the ecosystem to access Europe’s first and only EU-regulated full-reserve stablecoin.

EUROe transforms fiat Euro into a 1:1 pegged digital currency now transactable on the Polygon blockchain, in addition to existing support for the Ethereum blockchain. For each EUROe issued, at least one fiat Euro or equivalent exists in a European financial institution or bank, ring-fenced from Membrane Finance.

“The Membrane Finance team is excited to launch EUROe on Polygon, which enables even faster and cheaper payment solutions with EUROe,” comments Juha Viitala, CEO and Co-founder of Membrane Finance. “Polygon’s low transaction fees enable new use cases for EUROe that have been previously infeasible,” he continues.

“Stablecoins are an essential part of the transition towards blockchain-based money infrastructure, and Europeans deserve to have a full-reserve euro stablecoin from the EU and regulated by an EU-based financial authority. EUROe hopefully brings more regular people to DeFi, who were previously unable to or worried about the volatility of cryptocurrencies, ” concludes Viitala.

From today, EUROe can be implemented in smart contracts and transacted on Polygon. Smart contracts are self-executing programs that automatically execute payments or other actions on the blockchain based on a series of programmed parameters. Developers can refer to the EUROe Developer Portal for implementation instructions.

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

About EUROe

EUROe is the only EU-based stablecoin and payment network to be 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  

About Polygon Labs

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative. polygon.technology

All articles

casp-and-mica

MiCA, CASPs, and EMTs – How EUROe Helps Exchanges Transition into MiCA

by
Patrick AarikkaJuuso Roinevirta
EUROe Ramp – Fiat Connectivity for Blockchain Protocols

Membrane Finance Launches EUROe Ramp: Fiat Connectivity for Blockchain Protocols

by
Membrane Finance
bridged-euroe

Introducing Bridged EUROe to Scale Euro Liquidity

by
Membrane Finance
euroe-concordium

Membrane Finance Brings the First Stablecoin to Concordium

by
Membrane Finance
dbw

EUROe To Integrate Concordium – A Permissionless Blockchain with Built-In IDs

by
Membrane Finance
euroe-exchanges

EUROe Helps CASPs & CEXes Stay MiCAR-Compliant

by
Juuso Roinevirta
euroe-obligate

Obligate and Membrane Finance Join Forces to Revolutionise Debt Financing

by
Membrane Finance
euroe-solana-small

Membrane Finance Brings the First Euro Stablecoin to Solana – Along With Card Payments

by
Membrane Finance
What is MiCA – Title

What is MiCA?

by
Juuso RoinevirtaPatrik Johansson
euroe-mtpelerin

Mt Pelerin partners with EUROe to offer zero-fees on/off-ramp

by
Membrane Finance
euroe-woorton

EUROe Is Now Available through Woorton’s OTC Infrastructure

by
Membrane Finance
lamar

Lamar Olive Oil's Innovative On-Chain Bond Issuance Using EUROe

by
Juuso Roinevirta
data-market-transaction

deltaDAO Facilitated a Data Market Transaction Using EUROe

by
Juuso Roinevirta
euroe-account-api

Membrane Finance Launches EUROe Account API to Bridge Traditional and Blockchain-Based Economies

by
Membrane Finance
EUROe Launched on Avalanche

Membrane Finance Launches the First MiCA-Compliant Stablecoin, EUROe, on Avalanche

by
Membrane Finance
EUROe x Arbitrum One

Membrane Finance Launches EUROe on Arbitrum One

by
Membrane Finance
euroe-generic-2

deltaDAO, Membrane Finance, and Polygon Labs bring EUROe to the Gaia-X Web3 ecosystem as main settlement token

by
Membrane Finance
EU building

Stablecoin regulation within the EU remains clear amid uncertainties in the US

by
Patrik Johansson
EUROe now available on Ethereum

Membrane Finance launches EUROe on Ethereum

by
Membrane Finance
EUROe x Fireblocks

Membrane Finance Announces Integration with Fireblocks to Enhance Operational Security of the EUROe Stablecoin

by
Membrane Finance
EUROe x Equilibrium

Equilibrium backs Membrane Finance in building core EUROe systems

by
Membrane Finance
EUROe x KPMG

Membrane Finance appoints KPMG as its internal auditor

by
Membrane Finance
EUROe - Runtime Verification

Runtime Verification completes a smart contract audit for the first EU-based regulated stablecoin EUROe

by
Membrane Finance
Nordic Law

Nordic Law acts as a legal advisor to Membrane Finance

by
Membrane Finance
Membrane Finance Team 2022 Q4

Membrane Finance Announces the First Regulated Euro Stablecoin EUROe and Raises a Seed Round

by
Membrane Finance
Cylinders

What are Stablecoins?

by
Juuso RoinevirtaJuha Viitala
Euro building

What is EUROe?

by
Juuso Roinevirta