European payment platform Monei announces the start of testing the euro stablecoin EURM

The European payment platform Monei has announced the start of testing for the Euro stablecoin (EURM), which is pegged to the Euro and is part of the Spanish bank's national financial sandbox. The token will use Ethereum and Polygon.In the initial testing phase, only a few people will have the opportunity to issue 10 euros. The euros issued will be held in custody by two reference financial institutions in Spain, BBVA and Caixabank, and can be exchanged at any time.