e-Money’s eEUR as the First Stablecoin to Be Listed on Osmosis
e-Money A/S, a blockchain-based payment platform, is pleased to announce its European stablecoin $eEUR as the first stablecoin to be listed on Osmosis, a Cosmos Hub-based AMM platform.
e-Money’s European stablecoin $eEUR on the Osmosis Decentralized Exchange (DEX) will encourage users within the European region to join the DEX and facilitate transactions using their native currency. This feature will encourage adoption in the European region as users will feel more confident trading with a currency they are familiar with.
e-Money’s Innovative Stablecoin Aims To Address With:
- Being fully backed by bank deposits and government bonds
- Multi-currency support, eventually supporting all major global currencies
- Interest-bearing nature, with both positive and negative interest rates
- The capability of immediate finality and settlement on the e-Money chain
- Near-zero transaction fees
- Transparency through quarterly Ernst & Young audits to provide proof of funds
e-Money and Osmosis are committed towards a common mission of bringing financial services and products to the masses by providing a visionary community-governed DeFi platform.
ABOUT Osmosis
Osmosis is an automated market maker (AMM) protocol built for liquidity providers. With Osmosis, users are able to swap cross-chain assets within the Cosmos ecosystem and provide liquidity for IBC-enabled Cosmos assets while earning rewards.
ABOUT e-Money
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK), and the Danish Krone (DKK) with a host of additional currencies pegged for release throughout the year.
RESOURCES
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