Monerium Launches Euro-Backed Stablecoin On Noble Blockchain

According to PANews, fintech company Monerium has introduced EURe on the Noble blockchain, marking the first euro-backed stablecoin natively launched within the Cosmos ecosystem. EURe is collateralized by euro-denominated deposits and integrates with the SEPA framework to facilitate instant euro transfers between on-chain and custodial bank accounts. Monerium, adhering to the EU's MiCA regulations, has been authorized to issue electronic money on the blockchain since 2019. Under MiCA, it issues regulated on-chain fiat currency.