EUROe Stablecoin
Crypto Overview
Purpose and Utility
EUROe is a euro-backed stablecoin launched by Finnish fintech company Membrane Finance Oy. Each EUROe token is backed 1:1 by euros held in segregated accounts at European financial institutions. The primary purpose is to provide a regulated, fully-backed digital representation of the euro for blockchain transactions.
Business Model
The stablecoin operates on a transparent model where each token is fully backed by fiat euros. Membrane Finance generates revenue through transaction fees and potential institutional services. The business model does not involve interest-bearing activities or impermissible practices.
Real-World Adoption
EUROe is regulated under Finnish law and is being adopted for cross-border payments, remittances, and digital euro transactions. The stablecoin is integrated with various blockchain platforms and is used by both retail and institutional users for euro-denominated blockchain transactions.
Platform Development
The project maintains active development with regular updates to its infrastructure. The stablecoin operates on multiple blockchain networks to ensure wide accessibility and utility. Regular audits verify the 1:1 backing of tokens with actual euros.
Token Distribution and Governance
As a stablecoin, EUROe's token distribution is based on market demand and backed by actual euros. There are no concerns about founder enrichment as the token maintains a stable 1:1 value with the euro.
Crypto Impact
To assign a comfort level investing in EUROe Stablecoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to EUROe Stablecoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.