A stablecoin is a type of digital currency that’s designed to keep its value steady, just like the Euro you use every day.
The EURe is special because it’s fully regulated and backed by real Euro deposits. This makes this euro stablecoin a safe and reliable choice for people and businesses.
Noble and Monerium Unveil EURe: Europe’s First Regulated Euro Stablecoin
So, why is this such a big deal? Well, the EURe isn’t just any stablecoin. It’s the first authorized and regulated Euro-backed stablecoin in Europe. And, it’s been a hit handling over €1.7 billion in transactions since it launched. This makes it the most used Euro-backed stablecoin out there.
EURe is integrated into the EU’s SEPA framework. It is like a digital highway that makes transferring Euros quick and easy across bank accounts in Europe. This means you can move money between your bank account and your digital wallet almost instantly.
1/ Announcing EURe on Noble! ✨✨
Noble and @monerium have partnered to bring the first fully regulated, authorized & collateralized Euro stablecoin to the ever expanding network of IBC blockchains
Why is this significant? 👉 Your wallet is your bank account
Let’s dive in! 👇 pic.twitter.com/xnmtMZ6TjK
— Noble (@noble_xyz) September 18, 2024
Noble and Monerium have made sure that using EURe is as smooth as butter. When you use Monerium’s platform, you get a unique IBAN number linked to your Noble wallet. Think of the IBAN number like a special address for your digital money, which helps you make instant transfers between your bank account and the digital world of IBC blockchains.
4/ Within Monerium’s platform, a user is given a unique IBAN number connected to their self-custodial Noble wallet address
This brings seamless and virtually instant transfers between a bank account and the IBC ecosystem
— Noble (@noble_xyz) September 18, 2024
In simple terms, EURe makes managing your Euros in the digital space a breeze. It’s like having your cake and eating it too—you get the benefits of digital money while still being tied to the traditional Euro. Whether you’re moving money for business or just managing your finances, EURe’s partnership with Noble and Monerium brings a new level of convenience and security.
Disclaimer
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