Sveinn Valfells: Monerium – Regulated On-Chain Euro (EURe)

Stablecoins represent the backbone of DeFi, allowing complex financial applications to be protected from external volatility. From fiat-backed to algorithmic, there are multiple approaches to issuing and backing stablecoins. While US regulations are looming over the crypto industry, Monerium released a fully regulated on-chain euro stablecoin, the EURe, enabling direct SEPA transfers, on- and off-ramp.We were joined by Sveinn Valfells, CEO of Monerium, to discuss the European E-Money Directive and how it set the ground for fully regulated on-chain currencies (EURe) built on top of SEPA.Topics covered in this episode:Sveinn’s background and building MoneriumRegulated on-chain EUR and seamless SEPA on- and off-rampsHow electronic money regulation differs from MiCAWhat assets back EUReMonerium’s business modelEURe’s adoption compared with other stablecoins (USDC, USDT)Issuing other currencies on-chainCBDCs and the banking sectorChallenges of building on SEPAIBAN discriminationKYC limitationsDeFi and stablecoin backingReal world assets used as on-chain collateralEpisode links: Sveinn Valfells on TwitterMonerium on TwitterThis episode is hosted by Friederike Ernst & Sebastien Couture. Show notes and listening options: epicenter.tv/503

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