Last week the financial technology company Membrane Finance from Finland released a stablecoin EUROe linked to the euro exchange rate.
EUROe was released on the Ethereum (ETH) blockchain. Each token is secured with at least 1 €, which is stored in a European bank or financial institution.
It differs from other digital euros in that it is approved by the Finnish government.
Stablecoins are easy to transfer and are ideal for saving capital.
They are often backed by world currencies or by gold, like GDIT – an investment stablecoin from IWI GS. (After entering the secondary market, it will be equal to 1 gram of physical metal).
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