The e-Money protocol is built for the issuance of a range of interest-bearing stablecoins denominated in and fully backed by multiple world currencies. Against the backdrop of a market dominated by USD pegged stablecoins, e-Money allows users to carry tokens representing the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young. While most existing stablecoins aim to maintain a static 1:1 peg with their underlying assets, e-Money’s currency-backed tokens are flexible. The price of the tokens is continually adjusted in line with the total value of the reserve including any interest accrued on the reserve assets. This equitable system allows tokenholders to benefit from increasing value of their tokens in periods of positive interest rates and offers protection from peg-breaks in times of negative interest rates. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money recently integrated with Ethereum and is currently bridging to Avalanche.
Mainnet Launch<br />
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The e-Money mainnet was successfully launched on March 25th, 2020 at 12:00 UTC with more than 30 validators joining within the first few hours.
April 2020
First Tokens Minted on Mainnet<br />
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The first fully backed EUR, CHF, SEK, NOK and DKK tokens are minted on the e-Money mainnet.
November 2020
e-Money Web Wallet<br />
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A non-custodial web wallet is launched at https://wallet.e-money.com. It supports signing using Ledger devices or through the Keplr browser extension.
February 2021
Cosmos IBC Launches<br />
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The long-awaited Cosmos IBC protocol launched enabling the Internet of Money.
Q3 2021
Credit Card Payments<br />
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In addition to bank transfers, users will be able to use their credit card when exchanging currency-backed stablecoins for fiat.
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