Membrane Finance launches EUROe stablecoin on Solana

Finland-based fintech company Membrane Finance has launched a MiCA-compliant euro stablecoin on the Solana blockchain.


The expansion of EUROe to the Solana blockchain introduces a native euro stablecoin to the platform, enabling various use cases such as foreign exchange, euro-denominated debit card payments, and blockchain-native value storage for European users. This move also ensures compliance with the Markets in Crypto Assets (MiCA) regulations set to take effect in 2024. 

EUROe, a euro stablecoin compliant with MiCA, converts traditional fiat euros into digital currency on the blockchain. It can be generated and redeemed in a 1:1 ratio without fees, accessible to EUROe Account holders.  The stablecoin is backed by 100% cash reserves protected against bankruptcy and 2% CET1 equity capital in European financial institutions or banks. 

Officials from Membrane Finance cited by highlighted MiCA’s ability to improve accountability and consumer protection in the crypto asset sector. The integration of EUROe on Solana aims to support the platform’s…

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