Membrane Finance brings the first euro stablecoin to Solana – along with card payments!
Today @solana goes multi-currency as fully-backed & compliant euros land on the high performance & low fee blockchain.
EUROe’s expansion to Solana brings a native euro to the blockchain, enabling new use cases such as foreign exchange, euro payments, and store of value for Europeans while also ensuring compliance in anticipation of the Markets in Crypto Assets (MiCA) set to take effect in 2024.
EUROe is a MiCA-compliant euro stablecoin which 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.
“We are excited about EUROe’s potential for serving European use cases in payments and about its broader potential in the thriving global DeFi, NFT, and GameFi applications built on Solana,” comments Juha Viitala, CEO and Co-founder of Membrane Finance.
EUROe can be used with the @wirexapp to pay in more than 40 million merchant locations. Furthermore, retail users can now on- & off-ramp to and from Solana using EUROe through Wirex.
EUROe is already available in various Solana ecosystem dApps such as @orca_so and @RaydiumProtocol, enabling decentralised trading and investing from day 0.
EUROe’s launch on Solana heralds much more than a euro-denominated & regulated payment method. In addition to creating dApps utilising euros, developers can use the EUROe Account API to automatically move euros between supported blockchains and the traditional financial system.
EUROe is implemented as an SPL token, and it is compatible out of the box with most existing applications on Solana. It is transactable & implementable by anyone in any application starting today.
Developers: learn more about developing with EUROe
Businesses: open an account to move funds efficiently between an increasing number of supported blockchains and the traditional financial system
This marketing communication has been published by Membrane Finance Oy, an EMI registered in Finland. As of the date of this marketing communication, the crypto-asset white paper has not been published, pending ESMA action. Holders of EUROe have the right of redemption against the issuer at any time and at par value. Issuer contact details: Web: euroe.com | Email: info (at) euroe (dot) com | Tel: +358 10 348 7210