e-Money & Regen Network collaborate to bootstrap liquidity on Osmosis DEX
REGEN-EEUR liquidity pool on Osmosis
We are pleased to announce that e-Money and Regen Network have collaborated to bootstrap liquidity on Osmosis DEX, the $REGEN:$EEUR pairing will be $REGEN’s first stablecoin pairing on Osmosis.
e-Money’s European stablecoin EEUR on the Osmosis Decentralised Exchange (DEX) aims to encourage users within the European region to join the DEX and facilitate transactions using their native currency. With e-Money, European stablecoins are fully collateralized, backed with actual bank deposits and government bonds held at commercial banks. Uniquely, e-Money’s currency-backed stablecoins each utilize a dynamic peg that tracks the underlying interest rate, meaning that stablecoin holders benefit from accrued interest on their assets even when just sitting in a user’s wallet. This makes e-Money’s stablecoins buoyant in times of extreme volatility and ever-changing interest rate environment. In addition, e-Money’s services operate in full compliance with AML/CTF legislation, and the platform is transparent, undergoing a quarterly audit by Ernst & Young.
Regen Network — Platform for a Thriving Planet — aligns economics with ecology to drive regenerative land management and helps reverse climate change. Their climate finance infrastructure for Web3 offers one of the most exciting and dynamic opportunities to tokenize regeneration of earth’s ecosystems.
“This partnership represents an important step for the community of REGEN, OSMO, and ATOM token holders, giving them access to stablecoin liquidity on the Osmosis DEX. Regen Network is proud to be working with e-Money given the clear and verifiable collateralization of every EEUR with one EURO in the bank.” Regen Network Development’s Chief Investment Officer, Christian Shearer
About Regen Network
Regen Network is the foundational infrastructure for the crypto enabled movement for planetary regeneration. Regen Ledger is a public, proof of stake (PoS) blockchain developed with the Cosmos Software Development Kit (SDK) built for verification of claims, agreements & data related to ecological state. Regen Ledger enables multiple registries to communicate and transact with each other producing a public ecological accounting system.
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.
