Alium Finance collaborates with e-Money for its European Stablecoins
We are delighted to inform you that e-Money has partnered with Alium Finance, a cross-chain DeFi project with a robust NFT ecosystem featuring tradeable, in-game assets. This collaboration aims to expand our footprint into the decentralized finance (DeFi), NFT, and gaming ecosystems and offer e-Money users exposure to emerging asset classes powered by cryptocurrencies.
What does the partnership entail?
The partnership between e-Money and Alium Finance is designed to explore e-Money’s suite of European stablecoins such as eEUR, eCHF, eNOK, eSEK, and eDKK and introduce both ecosystems to their respective communities.
Alium.Finance is integrated with Polygon, Ethereum, BSC, and HECO with additional integrations with several other blockchains in the pipeline. Alium’s Cross-Chain solutions will allow e-Money users seamless and secure access to multiple Blockchains in a single interface.
Alium ecosystem includes NFT Marketplace and NFT based Play to Earn Gaming, which will allow users to trade NFTs and NFT Gaming assets by using e-Money’s fully compliant, asset-backed, interest-bearing stablecoins.
This allows Alium Finance to market its products and services to a wider audience and expand its popularity in the European market.
About e-Money
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK), and the Danish Krone (DKK) with a host of additional currencies pegged for release throughout the year. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Ethereum and expects to integrate with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon, and Elrond in 2021.
