TechFlow reported that European payment platform Monei has announced the start of testing its euro-pegged stablecoin (EURM) as part of Spain's central bank's national financial sandbox initiative. The token will leverage Ethereum and Polygon.
During the initial testing phase, only a limited number of participants will have the opportunity to issue 10 euros. Euros backing the issued stablecoins will be held in custody by two Spanish reference financial institutions, BBVA and Caixabank, and remain fully exchangeable at any time.
Add to Favorites
Share to Social Media
