Concordium announces upcoming launch of compliant euro stablecoin EUROe

Concordium recently announced the upcoming launch of EUROe stablecoin, a fully regulated MiCAR-compatible, euro-backed stablecoin developed by Finnish fintech giant Membrane Finance. EUROe is anchored 1:1 to the euro, ensuring that users can deposit euros and redeem EUROe. To enable integration with Concordium, Membrane Finance will first release a smart contract that controls the issuance, minting and redemption of EUROe as a CIS-2 token on Concordium. (PR Newswire) Following news in February, Membrane Finance announced the launch of EUROe, a fully reserve stablecoin and payment network regulated by the European Union. EUROe transforms fiat euros into a 1:1 pegged digital currency that can be traded on Ethereum, with plans to support a growing number of blockchains.