Tag: EUROe

First Regulated Euro Stablecoin EUROe Read more

Finnish fintech Membrane Finance announces their new funding round and newly approved license to build the first-ever regulated EUR-based stablecoin in the European Union. The company is granted the FIN-FSA Electronic Money Institution license. This makes Membrane’s product, EUROe, the first regulated EUR-based, full-reserve stablecoin in the EU.“We’ve been working towards this very goal for the last 18 months. Getting an EU-level license is massive news for both us and the wider European cryptocurrency market and community,” explains Juha Viitala, the CEO and co-founder of Membrane Finance. EUROe will enable near-instant payments globally for a fraction of the cost of traditional alternatives. EUROe is planned to launch in early 2023, and a waitlist is open. EUROe is an alternative to the...