Xmoney launches three new Mica-compliant stubcoins to increase crypto liquidity in Europe

Xmoney Global, one of Europe’s leading payment providers, is set to launch three new Mica-compliant stubcoins. This is expected to increase crypto liquidity on highly regulated continents.

CCN In an interview with Dr. Gregorios Siourouunis, co-founder and CEO of Xmoney Global, he revealed his upcoming release. Siorounis is a former managing director of the SUI Foundation and will conduct economic research at the 2024 Nobel Prize.

As reported on February 4th, the company will launch three fully compliant stable coins on European mica. That is, Eurox, fully regulated euro stability. USDX is based on mica, replacing Tether’s USDT and Circle’s USDC. “We aim to be involved in the community,” said Ronx, a Romanian Leu Stablecoin.

“We are applying to the Central Bank of Romania.” Dr. Siourounis explains. “This is one of Europe’s most capable regulators and we believe this will be an important step in bringing stubcoin into the mainstream.”

The finest native stub coins first regulated by MultiversX

It’s not explicit CNN Report, Dr. Gregorios Siourouunis said in an airy YouTube interview that three stubcoins have been decided alongside two other Xmoney co-founders Lucian and Beniamin Mincu, representing the Multiversx Foundation.

This suggests that these tokens will launch natively on Multiversx (EGLD), making them the first fully regulated native stubcoin in the ecosystem. Three mica-compliant stubcoins could also be present in other chains supported by what Siourounis called “(their) smart wallet” Xportal.

In relation to that, in a recent thread, Beniamin Mincu highlighted the vision and roadmap for the MultiversX ecosystem in 2025. The co-founders described both Xmoney and Xportal as “extraordinary avenues for MultiversX growth,” “new liquidity,” and “”. opportunity. ”

In addition to the fully regulated EURX, USDX and Ronx Stablecoins, which are compliant with the upcoming three mica, MultiversX is the first excess native dollar developed by the decentralized financial (Defi) platform, Hatom (HTM). Stablecoin is waiting for USH. USH is scheduled to be released on March 3rd, as announced by X’s Hatom Labs.

Xmoney is a partner with Binance Pay

Interestingly, Xmoney is moving rapidly with future launches and current partnerships. On Monday, Binance, the world’s largest cryptocurrency exchange, announced a partnership between Xmoney and its leading payment service, Binance Pay.

The announcement refers to Xmoney’s 20,000 merchant network in Europe and cites alliances and compliance with MICA.

Therefore, with all recent developments, Xmoney has positioned itself for significant growth and is trying to address cryptocurrency concerns related to continental and global stability and payments.

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