The Monerium-issued EURe, a regulated euro token, has launched on the Gnosis Chain. This enables users to conduct secure and convenient transactions between traditional finance and Web3 platforms. The integration of a Safe wallet for storing digital assets and seamless bank account linking bridges the gap between traditional finance and decentralized finance. Notably, the ability to onboard and offboard euros using SEPA transfers simplifies the conversion of digital assets back into fiat currency.
Monerium, an authorized and regulated Electronic Money Institution (EMI) licensed to issue electronic money in the European Economic Area, UK, and Switzerland, has partnered with Gnosis Chain to legally recognize the EURe as the euro-pegged stablecoin. These developments position Monerium as a leader in facilitating the adoption of digital currencies in traditional markets.