e-Money is coming to Polygon

Polygon Labs

July 15, 2021

We are excited to announce that e-Money is coming to Polygon!

e-Money will be bringing its Euro-backed stablecoins that include eEUR, eCHF, eSEK, eNOK & eDKK to Polygon. These stablecoins are interest-bearing, meaning users will earn interests with the underlying assets.

The launch of e-Money on Polygon will give impetus to the platform to attract more users. Using Polygon’s low-gas and high-speed infrastructure, users will be able to perform transactions at significantly low costs.

Besides the advantages of low-gas and faster transactions, e-Money’s users can explore the growing Polygon ecosystem, including blue-chip DeFi projects such as Aave, SushiSwap, Curve, and more.

We look forward to the launch of e-Money on Polygon to opening new opportunities for users to buy stablecoins and bringing blockchain infrastructure to the masses and the world.

About e-Money

The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK), and the Danish Krone (DKK) with a host of additional currencies pegged for release throughout the year. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.

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 Ethereum and expects to integrate with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon, and Elrond in 2021.

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About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.