Finnish Fintech company Membrane Finance announced the launch of EUROe on 2 February, saying it is the Europe’s first EU-regulated full-reserve stablecoin. According to the blog post published by the company, EUROe is pegged to the EUR placed in a European financial institution or bank at a 1:1 ratio, ring-fenced from the company. The stablecoin will initially be transactable on Ethereum and the company plans to support more blockchains in the future. The company has previously obtained the license from the Finnish Financial Supervisory Authority (Fin-FSA).