Nord Finance is exploring e-Money’s suite of stablecoins
Nord Finance is always looking to make partnerships with blockchain platforms that can bring new and exciting opportunities for us to grow our platform userbase. Today, we are exploring a partnership opportunity with one such platform that will help us expand our reach and partnership opportunities with their solid presence in Europe. They’ve created a solid foundation for their blockchain platform by following the robust regulatory framework of Europe.
We are glad to announce that e-Money is exploring a strategic partnership with Nord Finance. e-Money is a blockchain-based payment platform that supports a range of fiat-stablecoins that are fully backed by bank deposits and government bonds.
The partnership will introduce e-Money’s suite of European stablecoins such as EEUR, ECHF, ESEK, ENOK, and EDKK to Nord Finance’s ecosystem. In addition, The partnership will bring awareness about both projects among their respective communities.
How does it work?
Integrating e-Money’s fully collateralized stablecoins with Nord Finance platform will open an exciting opportunity for us to tap into the European market. Investors will have an attractive option and opportunity to utilize the e-Money’s stablecoins to generate their wealth with our products. The partnership will bring brand awareness and accelerate Nord Finance’s popularity in the European region which is vital to the growth of our platform.
We are actively discussing and exploring possible solutions that we can bring to the Nord Finance platform with the e-Money’s suit of stablecoins. Stay tuned for the exciting integration of e-Money’s suit of stablecoins.
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.
About Nord Finance
Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem. Nord Finance is built on Ethereum Network. Multichain interoperability of Nord Finance powers a plethora of financial primitives, which constitute savings, advisory, loans against crypto assets, Investment, and Fund management. Nord Finance is creating innovative ways for everyone to generate wealth with Blockchain Technology.
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