Membrane Finance rolls out EU-regulated crypto stablecoin

02/02 10:16

According to Finextra, Finnish fintech company Membrane Finance has today launched EUROe – Europe’s EU-regulated full-reserve stablecoin and payment network. EUROe transforms a fiat Euro into a 1:1 pegged digital currency transactable on Ethereum, with planned support for an increasing number of blockchains. Unlike other Euro-pegged stablecoins, EUROe has received the Electronic Money Institution licence from the FIN-FSA. The company recently raised €2 million in funding from Finnish seed-stage venture capital firm Maki.vc.
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