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e-Money.com

Proteus Finance explores strategic collaboration with e-Money

We are delighted to share that e-Money is collaborating with Proteus Finance, a community driven platform that facilitates investments in decentralized finance (DeFi) and the Web 3.0 world. The partnership will introduce e-Money’s suite of European stablecoins such as EEUR, ECHF, ESEK, ENOK, and EDKK to Proteus Finance’s ecosystem, whilst bringing awareness to one another’s communities about our respective projects.

How it works

Proteus Finance aims to make DeFi investments available to the masses by tapping into the latest technologies. The platform’s smart AI driven algorithm enables a one stop, automated process for complex DeFi projects on the Terra ecosystem, while allowing users to earn the best yields on their stablecoins while keeping their principal investments safe. Thus it opens up the market for a whole new cohort of investors as well as the unbanked population who are looking at simple, yet viable solutions to grow their money.

Integrating e-Money’s fully collateralised stablecoins with Proteus Finance’s platform offer a wonderful opportunity for the financial services platform to tap into the European market and facilitate access to users who are keen to invest with payment solutions that are backed by their own native currencies.

Hence, this also enables Proteus Finance to increase its brand awareness and accelerate its popularity in a region that is vital to the growth of the crypto economy.

About e-Money

e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping people around the world to have easy access to digital currencies. Built on Cosmos technology, e-Money supports a range of fiat-stablecoins which are fully backed by bank deposits and government bonds that are also interest bearing. The fidelity and transparency of e-Money stablecoins will be ensured by Ernst & Young providing quarterly Proof of Funds.

e-Money currently supports several European currency-backed stablecoins such as the EEUR, the ECHF, and tokens backed by Scandinavian currencies (ENOK, EDKK, and ESEK). The e-Money ecosystem has a second token, the NGM “Next Generation money” which is a staking token and rewards token. Users can stake NGM to secure the e-Money network.

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 Cosmos Hub, Osmosis, and Ethereum and expects to integrate with all major networks moving forward.

Telegram | Twitter |LinkedIn |GitHub

Proteus Finance : Website I Twitter I Discord I Reddit

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Leading issuer of interest-bearing, currency-backed stablecoins for the Internet of Money.

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