Polygon

EUROe Stablecoin

<p><a href="https://www.polygonlabs.us/" rel="noopener noreferrer nofollow">Polygon Labs</a>, a platform for exclusive and creative software solutions and services, has announced the launch of EUROe on GEN-X. The digital version of EURO is being released in collaboration with <a href="https://www.membrane.fi/" rel="noopener noreferrer nofollow">Membrance Finance</a>, and deltaDAO. The respective collaboration will offer the earliest EU-regulated <a href="https://blockchainreporter.net/glossary/stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a> token on the test network of GEN-X.</p><h2 id="header-0">Polygon Labs Partners up With Membrane Finance and deltaDAO to Release EURO on GEN-X</h2><p>GEN-X network is a <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> ecosystem developed with Polygon Supernets to provide services to Gaia-X participants. It enables nearly-rapid settlements of business transfers at near-zero cost along with offering a digital <a href="https://blockchainreporter.net/tag/market/" rel="noopener noreferrer nofollow">market</a> to serve European jurisdiction and beyond. The collaboration will permit the Gaia-X and Web3 <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a> members, identified in line with the Gaia-X Trust agenda, to make settlements.</p><p>The things to be settled will take into account infrastructure service, data, and AI-based transfers on GEN-X with EUROe in a rapid way as compared with the traditional networks of payments. <a href="https://gaia-x.eu/" rel="noopener noreferrer nofollow">Gaia-X</a> is considered to be a cross-sector endeavour for a more democratic and open data infrastructure. It combines above 365 firms and platforms from twenty-one national hubs operating in all sectors taking into account healthcare, tourism, public services, aerospace, agriculture, finance, manufacturing, energy, and mobility.</p><p>GEN-X is developed by deltaDAO while Ocean Protocol and Polygon Supernets are responsible to power it. It links the above-mentioned industries with the most rapid services dealing with <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>, Web3, and <a href="https://blockchainreporter.net/tag/ai/" rel="noopener noreferrer nofollow">AI</a>. The purpose is to promote transparency, data sovereignty, interoperability, and portability across services and data in the respective sectors.</p><h2 id="header-1">EUROe Will Offer Rapid and Convenient Settlements</h2><p>With the utilization of <a href="https://www.euroe.com/" rel="noopener noreferrer nofollow">EUROe</a>, the procedure of settlements across borders becomes considerably affordable and convenient. This minimizes the 3rd-party hazards and the requirement for mediators. Kai Meinko, the Business Lead and co-founder of <a href="https://www.delta-dao.com/" rel="noopener noreferrer nofollow">deltaDAO</a> stated that Europe needs to overcome the present market’s imbalances along with becoming more digitally economical to have a better position in the industry.</p><p>The co-founder added that EUROe’s integration into the GEN-Xs takes it closer to developing a convenient and seamless digital economy offering platform solutions. He mentioned that the platform is providing control to Gaia-X members and eliminating the settlements that are not required.</p><p>In this way, he added, it is backing the objective to enable additional sovereignty within the market. Polygon Labs Supernets’ module-based approach and the capability to link industry-specific <a href="https://blockchainreporter.net/glossary/blockchain-3-0/" rel="noopener noreferrer nofollow">blockchain</a> platforms provide a solution to compliance and scalability challenges.</p>

Polygon Labs Collaborates with Membrane Finance and deltaDAO to Launch EUROe on GEN-X

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