Eurau was released on the Ethrium network according to the ERC-20 standard and is complies with the European Law Markets in Crypto-Ssets (Mica), the project team assured. Stable coin is primarily intended for banks, fintech companies and corporate clients. According to representatives Allunity, Token reserves are stored in several European banks that act as castodians.
“Such a structure is designed to satisfy the requirements of regional departments and other institutions that expect transparency provided by regular reports on the availability of reserves,” the Allunity announcement says.
Eurau listing took place on the Bullish Europe exchange in BTC/Eurau and USDC/Eurau pairs. Liquidity is going to provide Flow Traders. Among the project partners, Metzler Bank, Bitgo and Fireblocks are also named.
The General Director of Allunity, Alexander Höptner), said that the company is negotiating with 30 firms for the use of Eurau for everyday payments to expand the use of stablecoin outside the cryptototrading.
Earlier, the head of the cryptocurrency unit of Visa, Kai Sheffield, said that the real value of stabilcoins is the ability to make international calculations and money transfers.
Source: Bits
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