Monerium Launches EURe: Euro-Pegged Stablecoin on Cosmos' Noble Blockchain
CryptoNewsTerminal Staff18 Sep, 2024
Monerium Launches EURe: Euro-Pegged Stablecoin on Cosmos' Noble Blockchain
Monerium, a stablecoin issuer, has announced the launch of EURe, a Euro-pegged stablecoin on the Cosmos (ATOM)-based Noble blockchain. This marks the first issuance of a Euro-pegged stablecoin within the Cosmos ecosystem. The EURe stablecoin is backed by a basket of fiat currencies and other assets, and its value is pegged to the Euro. The stablecoin is designed to offer stability and low volatility for users in the Cosmos ecosystem and beyond. The launch of EURe is a significant development for the Cosmos ecosystem, as it provides users with a reliable and stable asset that can be used for various transactions and applications. Monerium's decision to issue EURe on the Noble blockchain further highlights the growing adoption and potential of the Cosmos ecosystem.
