Membrane Finance, a Finnish fintech organisation, has announced the launch on the Ethereum blockchain of the EUROe stablecoin, the first EU-controlled virtual money pegged 1:1 to the euro.
The company plans to release an EUROe stablecoin connected to various blockchains, such as Solana, Polygon and Arbitrum One. It is expected that this Stablecoin will meet the needs of users of digital assets in the Eurozone, providing them with a secure and effective method for exchanges between individuals, organisations and government agencies.
According to Juhi Viital, CEO and co-founder of Membrane Finance, the existing international payment system is unable to meet the demands of modern customers, as it is too slow to calculate, charges high commissions and requires too much manual processing. EUROe offers a solution that provides fast transactions at minimal cost. At the same time, it reduces any potential risks associated with cryptocurrencies, which are highly unpredictable, as well as currency fluctuations.
The CEO of Membrane Finance is convinced that the permission given by Finland's FIN-FSA to issue EUROe stablecoins will guarantee its long-term rivalry in digital assets. This is especially important in connection with the upcoming adoption of MICA by the European Parliament on the regulation of digital assets.
