🗣Next Generation and DECTA to Launch Euro-Pegged Stablecoin

French fintech company Next Generation and Irish virtual assets operator DECTA have partnered to launch the EURT stablecoin, pegged to the euro. The EURT will comply with the latest MiCAR regulations and is set to launch on the Stellar blockchain in October 2024, with support on three other blockchains. 

Next Generation will manage the technological aspects of issuance, burning, and distribution. According to new EU MiCA rules, only licensed entities within the EU can issue euro stablecoins.