A revolution underway within Solana. The prestigious blockchain has welcomed EUROe, the first native euro stablecoin, carefully designed to integrate into its ecosystem. At the origin of this innovation is Membrane Finance, a Finnish startup specializing in blockchain fintech. Thanks to EUROe, the happy encounter between the crypto sphere and the digital euro is finally materializing. Clarifications.
A new era for solana
The inauguration of EUROe marks a major turning point for Solana. The blockchain can now count on a native digital euro currency, with all the advantages that come with it.
EUROe paves the way for new perspectives for the blockchain, such as currency conversions, card payments in euros, or the preservation of value.
In particular, EUROe guarantees Solana’s compliance with the future MiCA regulation, whose entry into force is scheduled for 2024. Solana thus becomes a strong competitor in the field of EVM blockchains in the European market.
According to Patrik Elias JohanssonDirector of Compliance at Membrane Finance, this regulation will bring “ an unprecedented degree of responsibility and protection to the crypto sector. With EUROe, Solana now ticks all the boxes to attract European companies.
Compliant and safe cryptocurrency
But what does this famous EUROe consist of? It is a euro-backed stablecoin with fully guaranteed reserves. Each EUROe in circulation is backed by €1 held by Membrane Finance with European financial institutions.
EUROe also offers an equity guarantee, up to 1%. Enough to guarantee compliance with the future MiCA framework, and offer a high level of security to users. The stablecoin can be issued and spent free of charge, in a 1:1 ratio with the euro.
More great news: EUROe is already enjoying massive adoption. Since its launch, the stablecoin received support from Wirex, a famous crypto payment app. Its 6 million users can now use their EUROe with more than 40 million merchants!
Wirex also allows you to instantly exchange EUROe against over a hundred different currencies. This makes it the perfect tool to generalize the daily use of EUROe.
According to Pavel Matveev, co-founder of Wirex, “ the arrival of EUROe on Solana guarantees optimal flexibility to manage your finances“.
Towards the future of finance
With its speed, minimal costs and reliability, Solana represents the ideal ground for a digital currency. Especially since its dynamic community will promote the development of many applications around EUROe: decentralized finance, NFT, online games, etc.
For Juha Viitala, one of the founders of Membrane Finance, this launch marks a significant milestone: ” we believe Solana is now on track to succeed in Europe”.
The least we can say is that the future looks bright for the blockchain with the long-awaited arrival of the new generation euro. France’s decision to take another step in crypto regulation seems justified.
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