Membrane Finance to Integrate EUROe Stablecoin on Concordium, Bringing Stability and Safety to DeFi Investors
ZUG, Switzerland, Nov. 9, 2023 /PRNewswire/ -- Concordium, the Layer 1 science-backed blockchain dedicated to creating a safer digital world, has announced the upcoming launch of EUROe, a fully regulated MiCAR-compatible, Euro-backed stablecoin developed by Finnish fintech powerhouse Membrane Finance, natively on Concordium. Offering a secure and regulated digital Euro, the launch removes crypto exposure, bridge risk and regulatory issues, presenting a quantum leap linking the existing financial system with Web3 and the decentralized future of finance.
- By integrating EUROe on Concordium's regulatory-ready and enterprise-grade technology, Membrane Finance is unlocking a new era of DeFi for players who value compliance, privacy, and safety."
- To enable the integration with Concordium, Membrane Finance will first release a smart contract that controls the issuance, minting, and redeeming of the EUROe stablecoin as a CIS-2 token on the Concordium blockchain.
- Juha Viitala , CEO of Membrane Finance, stated: "Concordium's emphasis on privacy-preserving identity verification infrastructure and regulatory compliance provides the optimal framework for the next generation of DeFi projects.
- Concordium invites businesses, investors, and innovators to join the EUROe launch, marking a pivotal moment in the evolution of digital finance.