2023-12-18 20:10:49
© Reuters. Stablecoin pegged to the euro is launched on Brazilian brokerage
Blockmarket – Brazilian exchange Mercado announced the listing of the eEUR (EEUR) token on its trading platform this Monday. eEUR is a paired stablecoin, the official currency of the 20 main European countries that make up the euro zone, offering an easy option for investors interested in diversifying their portfolios.
Launched by Aryze Digital Cash, eEUR is the first in a series of stablecoins from the company, which aims to bring more transparency and financial inclusion in the sector. The eEUR token operates on multiple blockchains, but will initially be available on the Bitcoin Market network.
Fabrício Tota, director of New Business at Mercado Bitcoin, was excited about the partnership with Aryze Digital Cash. According to him, the union of values between the two companies, including the commitment to the protection and security of investments, was crucial for the listing:
“The partnership between companies that share similar values is very promising. At Aryze Digital Cash, we identified the desire to integrate with Web3 in a way that is easier for customers, with total protection and security for investments and with pioneering technology. All of this converges with what MB practices every day and this is the reason for the success of this listing”
The assets backing Digital Cash, including eEUR, are collateralized in a full-reserve banking model, which is seen as the future of fiat currency and an effective means of combating money laundering.
The content Stablecoin pegged to the euro is launched on a Brazilian broker appears first on Blockmarket.
#Stablecoin #pegged #euro #launched #Brazilian #brokerage #Blockmarket