Cosmos EUR stablecoin challenge to unwind after 2 years

Cosmos EUR stablecoin challenge to unwind after 2 years

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Basically essentially based fully on a Jan. 9 Medium post, e-Money — a stablecoin challenge within the Cosmos ecosystem — will cease the issuance of its EURR euro stablecoin tremendous March 6. In explaining the choice, e-Money wrote:

Except the closing date, customers can redeem their EEUR by swapping their stablecoins for digital assets comparable to OSMO, ATOM (ATOM) or USD Coin (USDC) on the Cosmos decentralized commerce Osmosis. For portions over 100,000 EEUR, e-Money recommends vow redemption for euros with e-Money A/S. “This requires KYC/AML and that it's likely you'll even smooth request spherical 5 alternate days for processing. Please contact sales@e-money.com to redeem the spend of this risk,” the firm wrote.

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