EURe is the first euro-backed stablecoin to launch on the Cosmos ecosystem.
Noble is a blockchain network specifically designed to issue and transfer stablecoins and other real-world assets between independent blockchains. Backed by euro deposits.
Integration with the SEPA (Single Euro Payments Area) framework, allowing instant euro transfers between blockchain accounts and traditional bank accounts.
Monerium – Issuer:
– The first cryptocurrency organization authorized to issue cryptocurrency on blockchain since 2019.
– Complies with European Union MiCA regulations.
– Provides a unique IBAN code for each user's Noble self-custody address.
Noble in the Cosmos ecosystem:
– Is the native asset issuance network for Circle 's stablecoin USDC in the Cosmos ecosystem.
– Cosmos includes over 90 dedicated blockchains, such as Cosmos Hub, Injective, DYDX Chain, Celestia, and many others.
– These blockchains interact with each other through the Inter- Chain Communication (IBC) Protocol.
– Launching in September 2023.
– Currently holding total assets worth 280 million USD.
– Processed over $3 billion in IBC transfer volume.
The launch of EURe on Noble marks a major step forward in integrating traditional finance with blockchain technology. It provides a bridge between fiat and cryptocurrencies, opening up new possibilities for cross-border transactions and decentralized finance (DeFi) applications within the Cosmos ecosystem.
The launch of EURe on Noble not only expands the reach of stablecoins in the Cosmos ecosystem, but also lays the foundation for deeper integration between traditional finance and blockchain. With this development, Monerium and Noble are playing a key Vai in shaping the future of digital finance and cross-border payments.
The article Monerium Launches Stablecoin EURe On Noble Blockchain appeared first on Coin79 - Update Coin News and Crypto Investment Knowledge .
