Spanish Fintech MONEI Launches Euro Stablecoin EURM Pilot Under Central Bank Supervision

According to Foresight News, Spanish fintech company MONEI has initiated a pilot for its euro stablecoin EURM under the supervision of the country's central bank. In an announcement posted on its website on January 29, MONEI revealed that the regulatory sandbox pilot began in January and is overseen by the Bank of Spain. The EURM stablecoin aims to provide a digital alternative to traditional fiat currency, offering users a more efficient and secure means of conducting transactions. As the pilot progresses, MONEI will work closely with the central bank to ensure compliance with regulatory requirements and to address any potential risks associated with the use of digital currencies.