Monei, a European payment platform, has initiated test trials for EURM, its euro-pegged stablecoin, within the Bank of Spain's national financial sandbox.
The digital token, which is designed to maintain a stable value equal to the euro, will operate on both the Ethereum and Polygon blockchains.
This initial testing phase limits issuance to 10 EURM per a selected small group of users.
The introduction of EURM marks a significant step in exploring the potential of stablecoins and blockchain technology in the context of regulated financial systems.