Digital Euro Association Partners with Eurodollar

The Digital Euro Association (DEA) is delighted to announce its partnership with Eurodollar, a fintech innovator issuing EUD - a digital dollar, made in Europe.

EUD is regulated in the EU and based upon DeFi principles of providing strong technical safety, fairness and transparency to the user.  Eurodollar aims to establish, with its new currency, a resilient financial haven for crypto users, combining the security of traditional finance regulations within the EU and the innovation of decentralized finance (DeFi).

Eurodollar's mission to deliver a general-purpose, on-chain currency that ensures safety through EU regulation, full funding, proven DeFi technology, and on-chain financial transparency aligns seamlessly with DEA's objectives to enhance the digital currency ecosystem. This partnership promises to foster a dynamic exchange of ideas and solutions, contributing to the future of digital money.

"We are excited to partner with Eurodollar, a new entrant to the stablecoin market, fully compliant with the Markets in Crypto-Assets (MiCA) regulation, we are eager to contribute to a more diverse and resilient digital money ecosystem. This collaboration underscores our support for pioneering solutions that enhance the stability, transparency, and inclusivity of digital finance," comments Dr. Jonas Gross, Chairman of the Digital Euro Association.

Allan Pedersen, CEO of Eurodollar, responds: “We have been a fan of the DEA’s good work over the past many years as a fair, well-regarded, and independent voice on crypto currencies in Europe, and are thrilled to now be able to announce this partnership. We look forward to actively contributing to the DEA’s many activities. We believe active industry collaborations, such as those advanced through the DEA, are vital for blockchain and cryptocurrencies to ever reach its true potential in materially changing the infrastructure of global finance.”

About the Digital Euro Association (DEA)

The Digital Euro Association (DEA) is a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money based in Frankfurt, Germany. In particular, it focuses on the digital euro. The DEA is committed to independence in aggregating and amplifying the views of society and the furtherance of the public good through knowledge exchange, encouraging new ideas, and forward-thinking in the field of digital money. The DEA is the independent voice of citizens regarding digital money-related topics. Partnerships and collaborations are in no way an endorsement of member ideologies, products and services, nor political regimes.

About Eurodollar (www.eurodollar.fi)

Eurodollar is a financial technology firm launching EUD - a digital dollar, made in Europe. EUD is a EU-regulated, USD-pegged stablecoin, built on DeFi technology and principles of fairness, safety and transparency and designed to be easily integrated with decentralised finance (DeFi) and traditional financial (TradFi) markets. Eurodollar is set to launch in Q3 2024. The founding team's rich experience in both TradFi and DeFi ensures a robust, integration-ready solution for the future.