According to a Jan. 9 Medium post, e-Money — a stablecoin project in the Cosmos ecosystem — will discontinue the issuance of its EURR euro stablecoin effective March 6. In explaining the decision, e-Money wrote:
Until the deadline, users can redeem their EEUR by swapping their stablecoins for digital assets such as OSMO, ATOM (ATOM) or USD Coin (USDC) on the Cosmos decentralized exchange Osmosis. For amounts over 100,000 EEUR, e-Money recommends direct redemption for euros with e-Money A/S. “This requires KYC/AML and you should expect around 5 business days for processing. Please contact sales@e-money.com to redeem using this option,” the firm wrote.