Home Coins Avalanche (AVAX) Avalanche Expanding Stablecoin Diversity in DeFi Ecosystem with Upcoming Launch of e-Money’s...

Avalanche Expanding Stablecoin Diversity in DeFi Ecosystem with Upcoming Launch of e-Money’s European Stablecoins | by Ava Labs | Avalanche | Jan, 2021

- Advertisement - IQ Option CPA

AliExpress WW

We’re excited to announce that e-Money, a leading issuer of transparent, interest-bearing, currency-backed stablecoins, is 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).

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. Not only is this growing roster of stablecoins a critical addition to the rapidly expanding DeFi ecosystem on Avalanche, it will also be a leap forward in the utility of stablecoins more broadly.

e-Money is expanding beyond the USD-dominated stablecoin market to deliver trusted currencies that can be used in both retail and cross-border payments. By launching on Avalanche, e-Money users will be able to send and receive stablecoins with sub-second finality, and low transaction fees.

For the first time, stablecoins will move like cash, rather than suffering delays relating to block confirmation requirements or exorbitant transaction fees.

“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.” — Martin Dyring-Andersen, e-Money CEO

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.

AliExpress WW

Source link

- Advertisement - IQ Option CPA
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
469FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,558FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.39
CHF
1.10
NOK
0.12
JPY
0.01
CAD
0.78
AUD
0.77

Most Popular

bitcoin
Bitcoin (BTC) $ 44,347.00
ethereum
Ethereum (ETH) $ 1,344.42
tether
Tether (USDT) $ 0.992782
bitcoin-cash
Bitcoin Cash (BCH) $ 450.65
litecoin
Litecoin (LTC) $ 159.02
eos
EOS (EOS) $ 3.40
okb
OKB (OKB) $ 15.52
tezos
Tezos (XTZ) $ 3.32
leo-token
LEO Token (LEO) $ 1.91
cardano
Cardano (ADA) $ 1.22
monero
Monero (XMR) $ 212.62
stellar
Stellar (XLM) $ 0.399085
chainlink
Chainlink (LINK) $ 23.93
huobi-token
Huobi Token (HT) $ 13.17
tron
TRON (TRX) $ 0.044189
usd-coin
USD Coin (USDC) $ 1.01
dash
Dash (DASH) $ 191.94
neo
NEO (NEO) $ 33.71
iota
IOTA (MIOTA) $ 1.08
nem
NEM (XEM) $ 0.550719
zcash
Zcash (ZEC) $ 112.78
maker
Maker (MKR) $ 1,851.51
paxos-standard
Paxos Standard (PAX) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 10.13
vechain
VeChain (VET) $ 0.038013
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 25.32
kucoin-shares
KuCoin Token (KCS) $ 4.07
waves
Waves (WAVES) $ 8.74