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

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 the European E-Money Directive and how it set the ground for fully regulated on-chain currencies (EURe) built on top of SEPA.Topics covered in this episode:Sveinn’s background and building MoneriumRegulated on-chain EUR and seamless SEPA on- and off-rampsHow electronic money regulation differs from MiCAWhat assets back EUReMonerium’s business modelEURe’s adoption compared with other stablecoins (USDC, USDT)Issuing other currencies on-chainCBDCs and the banking sectorChallenges of building on SEPAIBAN discriminationKYC limitationsDeFi and stablecoin backingReal world assets used as on-chain collateralEpisode links: Sveinn Valfells on TwitterMonerium on TwitterThis episode is hosted by Friederike Ernst & Sebastien Couture. Show notes and listening options: epicenter.tv/503

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Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.