Concordium announces launch of EUROe stablecoin

Concordium is about to launch EUROe stablecoin, which is a fully regulated MiCAR-compatible, euro-backed stablecoin developed by Finnish fintech giant Membrane Finance. EUROe is backed by the euro at a 1:1 ratio, ensuring that users can confidently deposit and redeem euro and ensure a seamless and extremely low-cost conversion process. To achieve integration with Concordium, Membrane Finance will first release a smart contract that controls the issuance, minting, and redemption of EUROe stablecoin as CIS-2 tokens on the Concordium blockchain.