According to an online article by the German Enterprise membrane Finance Corporation on February 2nd, the company released a thoroughly stable reserve currency backed by the euro. The company won approval from the German Financial Supervisory Authority (FIN-FSA) and claimed that a new "EUROe" coin was "the first and only type of login password stability currency regulated by EU countries".
The company is headquartered in Circle Inc. It launched its own euro in June to support a stable currency, but its euro coins were initially held by the Bank of Silvergate, a US-controlled entity line.
Each EUROe OTP is governed by "at least one law prescribing euro [...]" Support in an European financial organization or bank, and membrane financial barrier, "according to the company's post." The company feels that in sharp contrast to the high fees and slowness of traditional finance, this will allow "almost timely payment" at nearly zero cost.
Membrane Financial CEOJuha Viitala shows that the expectation of regulated EUROe coins will encourage more Westerners to increase their capital based on the use of decentralized Finance (Defi) applications, he points out:
"A stable currency is an indispensable part of the construction of monetary infrastructure for distributed books. Westerners should have a stable currency with full reserves of euros from the European Union and are strictly regulated by the financial governments of EU countries. EUROe is looking forward to sending more ordinary people to Defi, who have been unable or worried about the uncertainty of data cryptocurrencies.
Related to:Stablecoin from the UK is integrated into 18000 ATM machines across the country.
EUROe will initially be available on Etherum and plans to support more blockchain systems in the near future.
"Sablecoin", a login password supported by currency by law, has a long and glorious history in the password world. The first stable US dollar currency, Tether (USDT), was originally released for the BTCOmni layer, and the ethernet version will be released in 2018. According to CoinMarketCap, it is currently the third big data cryptocurrency by market capitalization.
On January 19th, the team behind the decentralized exchange of Circle and Uniswap issued a report claiming that foreign exchange in distributed books could reduce the cost of remittance by up to 80%.
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Tue, 18 Apr 2023