A group of former Binance employees have launched a new stablecoin in Europe, called EURØP, backed by the community currency and adjusted to the regulations of the MiCA Law.

It is known that it will be available on the market in a few weeks and will operate on the Ethereum and Polygon networks. It was launched by the company Schuman Fianncial, created by former Binance executives.

EURØP is competing in the market with EURC, a stablecoin issued by Circle, to offer a new tool for “digital payments, currency exchange and the trading of tokenized assets, all supported by Blockchain technology.”

The founders of Schuman Financial are former Binance executives Martin Bruncko and Eduardo Morrison. The company has the proper license issued by the Prudential Supervision and Resolution Authority of France, “which authorizes the issuance of electronic money in the form of tokens, in accordance with the provisions of the MiCA Law.”

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Source: diariobitcoin

(Reference image source: bruno neurath-wilson on Unsplash)

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La entrada Former Binance employees launch new stablecoin EURØP apareció primero en Bitfinance.