One of Europe’s leading payment providers, xMoney Global, is set to launch three new MiCA-compliant stablecoins, which are expected to boost crypto liquidity in the highly regulated continent.
CCN revealed the upcoming launch in an interview with Dr. Gregorios Siourounis, co-founder and CEO of xMoney Global. Siorounis is former managing director of the Sui Foundation and has an economic research cited in the 2024 Nobel Prize.
As reported on February 4, the company will launch three fully compliant stablecoins with Europe’s MiCA. Namely, EUROX, a fully regulated Euro stablecoin; USDX, a MiCA-compliant alternative to Tether’s USDT and Circle’s USDC; and RONX, a Romanian Leu stablecoin, “aimed at engaging the local community.”
Picks for you
“We’re applying with the Central Bank of Romania,” Dr. Siourounis explains. “It’s one of the most competent regulators in Europe, and we believe this will be a crucial step in bringing stablecoins into the mainstream.”
First regulated and MiCA-compliant native stablecoins to MultiversX
While not explicit in the CNN report, Dr. Gregorios Siourounis mentioned in the YouTube-aired interview that the three stablecoins were decided together with the two other xMoney co-founders, Lucian and Beniamin Mincu, representing the MultiversX Foundation.
This suggests these tokens will launch natively on MultiversX (EGLD), becoming the first fully regulated native stablecoins of the ecosystem. The three MiCA-compliant stablecoins will also likely exist in other chains supported by what Siourounis called “[their] smart wallet,” xPortal.
Related to that, in a recent thread, Beniamin Mincu highlighted his vision and roadmap for the MultiversX ecosystem in 2025. The co-founder mentioned both xMoney and xPortal as “an extraordinary avenue for MultiversX growth,” also mentioning “new liquidity” and “opportunities.”
Besides the three upcoming MiCA-compliant and fully regulated EURX, USDX, and RONX stablecoins, MultiversX awaits its first overcollateralized native dollar stablecoin, USH, developed by the decentralized finance (DeFi) platform, Hatom (HTM). USH is set to launch on March 3, as announced by Hatom Labs on X.
xMoney partners with Binance Pay
Interestingly, xMoney is moving fast with its future launches and present partnerships. On Monday, Binance, the world’s largest cryptocurrency exchange, announced a partnership between xMoney and its leading payment service, Binance Pay.
The announcement mentioned xMoney’s 20,000 merchant network in Europe and cites the company’s alignment and compliance with the MiCA.
Therefore, with all the recent developments, xMoney is positioning itself for significant growth, looking to address crypto regulatory concerns related to stablecoins and payments in the continent and in the world.
Featured image from Shutterstock
