PANews reported on September 18 that according to Theblock, fintech company Monerium launched EURe on the Noble blockchain, marking it as the first euro-backed stablecoin natively launched in the Cosmos ecosystem. EURe is collateralized by euro-denominated deposits and combined with the SEPA framework to enable instant euro transfers between on-chain and custodial bank accounts. Issuer Monerium complies with the EU's MiCA regulations and is the first electronic money institution to be allowed to issue electronic money on the blockchain since 2019. It issues regulated on-chain fiat currencies under MiCA authorization.
