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.
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episode 503: 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 Monerium
- Regulated on-chain EUR and seamless SEPA on- and off-ramps
- How electronic money regulation differs from MiCA
- What assets back EURe
- Monerium’s business model
- EURe’s adoption compared with other stablecoins (USDC, USDT)
- Issuing other currencies on-chain
- CBDCs and the banking sector
- Challenges of building on SEPA
- IBAN discrimination
- KYC limitations
- DeFi and stablecoin backing
- Real world assets used as on-chain collateral
Episode links:
- Sveinn Valfells on Twitter
- Monerium on Twitter
This episode is hosted by Friederike Ernst & Sebastien Couture. Show notes and listening options: epicenter.tv/503