Stablecoins represent the backbone of DeFi, allowing complex financial applications to be protected from external volatility. From fiat-backed to algorithmic, there are multiple approaches to issuing and backing stablecoins. While US regulations are looming over the crypto industry, Monerium released a fully regulated on-chain euro stablecoin, the EURe, enabling direct SEPA transfers, on- and off-ramp.

We were joined by Sveinn Valfells, CEO of Monerium, to discuss about the European E-Money Directive and how it set the ground for fully regulated on-chain currencies (EURe) built on top of SEPA.

Topics discussed in this episode:
- Sveinn’s background and building Monerium
- Regulated on-chain EUR and seamless SEPA on- and off-ramps
- How electronic money regulation differs from MiCA
- What assets back EURe
- Monerium’s business model
- EURe’s adoption compared with other stablecoins (USDC, USDT)
- Issuing other currencies on-chain
- CBDCs and the banking sector
- Challenges of building on SEPA
- IBAN discrimination
- KYC limitations
- DeFi and stablecoin backing
- Real world assets used as on-chain collateral

Links mentioned in this episode: 
- Sveinn Valfells on Twitter: bit.ly/3Nzwhfa
- Monerium on Twitter: bit.ly/44dYE9T

This episode is hosted by Friederike Ernst & Sebastien Couture. Show notes and listening options: https://epicenter.tv/503

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#503 Sveinn Valfells: Monerium – Regulated On-Chain Euro (EURe)

Epicenter is a podcast about the technologies, projects & people driving decentralization and the global blockchain revolution.

Epicenter is hosted by Brian Fabian Crain, Sebastien Couture and Meher Roy. Every week, we find the most interesting people in the industry for in-depth discussions about their projects, ideas and stories.

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