The e-Money protocol dedicated to creating stablecoins has announced it is integrating with Algorand blockchain to support a range of European stablecoins, including eEUR, eCHF, eNOK, eSEK, and eDKK. Shalini Wood, CMO at e-Money, said in an announcement that the Algorand-compliant European stablecoin offerings "will be listed on several decentralized exchanges in the coming days."
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"This integration will enable faster time-to-market for applications built on Algorand looking to offer native currency options to users throughout Europe," Wood added.
The integration follows the recent announcement from the Algorand Foundation which launched a new fund called the Viridis DeFi. The fund will support the community with 150 million ALGO tokens (~$300 million) to enhance the development of the DeFi ecosystem on Algorand.
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