Pexels.com
Main page News, Blockchain, Stablecoins

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."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"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.

Algorand Gets Boost with New $100M Fund

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.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.