xMoney to Boost Crypto Liquidity in Europe with New MiCA-Compliant Stablecoins

The Arrival of MiCA-Compliant Stablecoins

Europe's financial landscape is witnessing a revolutionary change as xMoney, a leading payment provider, prepares to launch three new MiCA-compliant stablecoins. These new assets are EUROX for the Euro, USDX as an alternative to USDT and USDC, and RONX, a Romanian Leu stablecoin. This move is poised to significantly enhance crypto liquidity in Europe, underlining the importance of regulatory compliance.

Insights from xMoney Global's CEO

In a recent interview, Dr. Gregorios Siourounis, CEO of xMoney Global, emphasized the importance of collaboration with the Central Bank of Romania, labeling it as one of the most competent regulators in Europe. This application is a vital step toward mainstreaming stablecoins.

Stablecoins on MultiversX

These stablecoins are expected to launch natively on MultiversX (EGLD), becoming the first fully regulated stablecoins within the ecosystem. Dr. Siourounis shared insights indicating that these stablecoins would also feature on other chains supported by their xPortal smart wallet.

Future Opportunities for Growth

• Beniamin Mincu, co-founder of xMoney, outlined a roadmap for MultiversX, highlighting new liquidity and community engagement.
• The strategic launch of these stablecoins is anticipated to create numerous opportunities for the enhanced growth of the MultiversX ecosystem.