The EU launches the first fully legal cryptocurrency EUROe

A company from Finland has launched the so-called stablecoin EUROe. Representatives of the company wrote about it on Twitter.

Membrane Finance is excited to announce the launch of EUROe on Ethereum!

Read more at https://t.co/nV8dYKkBmK, and read the thread below to see how you can get started with $EUROe from today!

— EUROe (@EUROemoney) February 2, 2023

According to the report, this electronic currency will allow you to make instant purchases from anywhere in the world without a commission. At the same time, each electronic coin is backed by a real, physical counterpart in a bank.

The authors of the project are Membrane Finance. They are licensed by the Finnish Financial Supervisory Authority. According to their claims, EUROe is the first and only cryptocurrency legally regulated by the EU.

The creators of the new electronic currency hope that it will attract more Europeans to use decentralized finance.

Stablecoins are an integral part of the transition to a blockchain-based monetary infrastructure. Europeans deserve to have a Euro stablecoin that is regulated by an EU financial authority. We hope that EUROe will attract more people," said CEO Juha Vitala.