Digital Euros (EUR), Swiss Francs (CHF), and more coming to Avalanche in Q1 2021

Avalanche, an open-source platform for launching highly decentralized applications has partnered with e-Money to launching its suite of European-currency stablecoins on Avalanche, including digital Euros (EUR), Swiss Francs (CHF), Norwegian Krone (NOK), Swedish Krona (SEK), and Danish Krone (DKK).

According to announce on Jan 18, e-Money’s stablecoins will be launched on Avalanche’s Contract Chain (C-Chain), and will be bought and sold through the e-Money wallet with either a credit card or bank transfer. These stablecoins will join top-five fiat-backed stablecoins TrueUSD (TUSD) and BiLira (TRYB) as fiat-backed stablecoins native to Avalanche’s DeFi ecosystem.

Martin Dyring-Andersen, e-Money CEO says: “We’re excited to be bringing e-Money stablecoins to the Avalanche community. We already see a number of exciting projects being built on Avalanche and expect this development to continue at an increased pace. By joining the Avalanche ecosystem at this early stage, e-Money will establish itself as a go-to partner for Avalanche projects interacting with real-world economies, thereby expanding our user base and strengthening our position as a leading issuer of trustworthy stablecoins.”

In addition to their utility as stablecoins, the launch will also provide a bridge for tokens to flow seamlessly between e-Money and Avalanche, which can be traded on the e-Money DEX, the blog said.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like