About VNX Euro
VNX Euro (VEUR) is a digital token pegged to the Euro, created by a company licensed under the Blockchain act in Liechtenstein. This token provides a seamless way to access a traditional asset in a digital format, enabling users to engage with the Euro in a more innovative manner.
The unique aspect of VNX Euro lies in its backing by the established financial regulatory framework in Liechtenstein. The token is generated and managed by VNX Commodities, which is registered with the Liechtenstein Financial Market Authority. This regulatory oversight ensures that VEUR adheres to strict compliance standards, enhancing the trust and reliability of the token.
Launched in December 2022, VNX Euro is part of a broader initiative by VNX to provide investors with access to tokenized traditional assets. The company previously introduced VNX Gold, a token backed by physical gold, and has since expanded its offerings to include VNX Euro and VNX Swiss Franc. These stablecoins facilitate trading in native currencies, allowing users to hedge against market volatility and manage their portfolios more effectively.
Looking ahead, VNX plans to increase the availability of VEUR by listing it on more cryptocurrency exchanges and exploring multichain capabilities. This expansion aims to enhance user access and adoption of the token.
VNX Euro serves multiple purposes for its users. It can be held to hedge against cryptocurrency volatility, allowing investors to mitigate losses during market downturns. Additionally, VEUR can be traded quickly on centralized and decentralized exchanges, and users can engage in various investment opportunities such as lending, providing liquidity, and staking within the CeFi and DeFi ecosystems.