European payment platform Monei announces the start of testing the euro stablecoin EURM
The European payment platform Monei has announced the start of testing for the Euro stablecoin (EURM), which is pegged to the Euro and is part of the Spanish bank's national financial sandbox. The token will use Ethereum and Polygon.In the initial testing phase, only a few people will have the opportunity to issue 10 euros. The euros issued will be held in custody by two reference financial institutions in Spain, BBVA and Caixabank, and can be exchanged at any time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Genius Group Ordered to Sell Bitcoin Holdings
Genius Group must sell 10 BTC due to a court order, slashing its crypto treasury and market cap significantly.Unexpected Setback for Genius GroupMarket Cap Falls Below Bitcoin ReservesConcerns About Stability and Transparency
Ethereum Price Sees 4 Straight Red Months
Ethereum has closed four red months in a row, but long-term holders remain hopeful for a rebound.Ethereum’s Tough Streak ContinuesHope on the Horizon for Ethereum Holders
Nexchain Emerges as April’s Best ICO: A New Era for Blockchain
Nexchain is committed to facilitating interoperability from one blockchain to the next through artificial intelligence, allowing for cross-chain communication and operational efficienciesConclusion
Bitcoin Volatility Expected as U.S. Jobs Report Looms
U.S. jobs data and Powell’s speech today could trigger major Bitcoin volatility. Here’s what to watch.What to Expect from Today’s Market MovesWhy Bitcoin Traders Are Watching Closely
Trending news
MoreCrypto prices
More
