Euro stablecoin launched in Finland, claims to be first approved in the EU By Cointelegraph
[ad_1]
Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”
U.S.-based Circle Inc. released its own euro-backed stablecoin in June, but its Euro Coin (EUROC) was initially custodied by Silvergate Bank, a U.S.-regulated entity.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”
U.S.-based Circle Inc. released its own euro-backed stablecoin in June, but its Euro Coin (EUROC) was initially custodied by Silvergate Bank, a U.S.-regulated entity.
Continue Reading on Coin Telegraph
About The Author
